PEPE Deep dive before pumping? To what price?
PEPE Script: A potential deep dive might be on the horizon before the next pump.Right now, it’s forming a structure that looks a lot like the pattern we saw from March to May, which I’ve marked as points 1 to 7.
Both of these structures showed up after breaking out from the near-end of a symmetrical triangle.
Currently, we’re sitting at point 6.
Using Fibonacci retracement, we can estimate how deep the dip might go.
Last time, it reached Fib 1.618. If history repeats itself, PEPE could pull back to around 0.00009485.
This potential drawback would also break the uptrend line, which could shake market confidence and flush out weaker hands—perfect for accumulating liquidity to fuel a future price surge.
I’ve already set a buy order at this level, just in case this scenario plays out.
Of course, this is just one potential script among many. I’ll share more as they unfold.
Follow me for more insights and updates! 😊
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.