Pepe is facing local resistance after a bounce, but this isn’t necessarily bearish. The current level aligns with strong confluence, and a rejection here could actually set up a bullish higher low if support holds just below.
Key Points:
Price is reacting to the 0.618 Fib and value area high — a key technical resistance zone.
Liquidity build-up below may trigger a sweep near the point of control before a bounce.
If Pepe dips into the support zone near the point of control and reclaims the level, it could confirm a higher low and spark a rally back toward recent highs. The 35% move is possible if broader market strength aligns. If support fails, expect a deeper retrace.
Key Points:
Price is reacting to the 0.618 Fib and value area high — a key technical resistance zone.
Liquidity build-up below may trigger a sweep near the point of control before a bounce.
If Pepe dips into the support zone near the point of control and reclaims the level, it could confirm a higher low and spark a rally back toward recent highs. The 35% move is possible if broader market strength aligns. If support fails, expect a deeper retrace.
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partner.blofin.com/d/alchemisttrader
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.
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.