📊Can #PEPE stabilize above the S/R?
🧠The price has indeed retested the S/R, but because there's a bearish structure above, and the ideal target area for this structure hasn't been reached yet, we need to patiently wait for further stabilization signals before entering a long position.
➡️If we fail to stabilize above the S/R, be wary of the risk of further pullback and watch for trigger signals at lower levels.
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1000PEPEUSDT.P
🧠The price has indeed retested the S/R, but because there's a bearish structure above, and the ideal target area for this structure hasn't been reached yet, we need to patiently wait for further stabilization signals before entering a long position.
➡️If we fail to stabilize above the S/R, be wary of the risk of further pullback and watch for trigger signals at lower levels.
🤜If you like my analysis, please like💖 and share💬
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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.
💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
Related publications
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.
