PEPE's price action structure is bearish.
We have a strong order block, and if the price pulls back to it, it is a good opportunity to open sell/short trades.
We also have a dynamic resistance, where the candles are below this area, which causes a selling point.
Currently, PEPE is involved in a support that is expected to break sooner or later.
The green area is the first valid support that we can use as TP.
I also specified the invalidation level. Do not enter the position without capital management and stop setting.
We have a strong order block, and if the price pulls back to it, it is a good opportunity to open sell/short trades.
We also have a dynamic resistance, where the candles are below this area, which causes a selling point.
Currently, PEPE is involved in a support that is expected to break sooner or later.
The green area is the first valid support that we can use as TP.
I also specified the invalidation level. Do not enter the position without capital management and stop setting.
Trade active:
According to the drawn arrow, it has moved so far
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