Long

Lingrid | PEPEUSDT pullback and NEW Trend CONTINUATION

has been on a remarkable bullish run, consistently posting higher highs and forming a strong upward momentum. The recent market action saw a new all-time high, followed by a retracement. As the market pulls back, it's likely that it's forming a complex pullback towards the support level. Notably, the price has been making higher closes with brief pauses, suggesting a pause in the uptrend. I anticipate the market to retrace down to around -30% from the resistance zone before potentially resuming its upward trajectory. If the market retests the recent higher low and forms a double bottom, it would be a strong indication that the asset is primed for a new all-time high. My goal is resistance zone at 0.00002000

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

Lingrid

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