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1000pepeusdt

1000PEPE 4h daily analysis1. Volume is showing POC (point of control) and the price is balancing in the range with strong consolidation and indecision. 2. Currently we are in a range zone. Taking swing low and swing high - we are below 0.5 fib level, which means we are in discounted area. 3. If price breaks POC and fib 0.5 and confirms above we can see a move to fib 1 price level. By this move buy side liquidity wicks will be liquidated and potentially we can see relatively equal highs. 4. If no big move you can look for long at local fib swing at level of 0.618 where 4h imb either at 0.786 for stronger confirmation. In case support is broken, look for wicks to 1h imb below. If price action is making strong move down, first stop might be 9089 level either below imb area with order block breaker of the move up.
by MadMundus