Lingrid | PEPEUSDT Consolidation Before Bullish EXPANSION for BINANCE:PEPEUSDT by Lingrid

Lingrid | PEPEUSDT Consolidation Before Bullish EXPANSION

is making frequent fake breakouts at both the support and resistance levels, indicating a phase of consolidation. After a substantial bullish move, the market is currently trading within a range. Typically, the price tends to move sideways rather than a correction when strong momentum is present. Since the market has broken and closed above the downward trendline, I anticipate that it may rolll back to retest this level before continuing its ascent towards the upper boundary of the channel. Overall, I expect the market to continue consolidating before making a steady upward move. My goal is resistance zone around 0.00002280

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade closed: target reached

Lingrid

📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org

Also on:

Lingrid

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.