PEPE ~40% Imminent Breakout?!
The breakout to the upside appears to have failed, and the retest of the resistance trendline strengthens this view.
The price seems likely to head towards the demand zone unless strong bullish momentum develops to invalidate the current bearish sentiment.
Monitor closely for signs of strength or weakness near the demand zone or during another attempt at the resistance level.
PEPEUSDT
The price seems likely to head towards the demand zone unless strong bullish momentum develops to invalidate the current bearish sentiment.
Monitor closely for signs of strength or weakness near the demand zone or during another attempt at the resistance level.
PEPEUSDT Trade active
Price went into demand zone, exited the demand done and is now going up back towards the resistance trendline. Note
We are now testing the previous resistance level, with possible consolidation before the next move. Note
Consolidation currently between 0.00002619 supply zone and 0.00001997 demand zone.
Trade still active. Technicals looking healthy.
Bullish unless we see a market structure break if we witness a closure under 0.00001804.
SL at 0.00001650
Possible Bearish Triple Top forming.
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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.