Short

Lingrid | PEPEUSDT anticipating a CONSOLIDATION After Sell-Off

market dropped to the November lows, and considering it has been in a bearish trend for the past couple of weeks, I believe the price will now move sideways around this level. Typically, after a strong momentum, the markets tend to consolidate and move sideways. Looking at the historical price action, we can see that the price previously consolidated at this area. I expect the market to retest this support level, potentially forming a double bottom pattern, which could be a sign of consolidation before the next move. My goal is support zone around 0.000008

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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Lingrid

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