💎 PEPE has recently showcased noteworthy market dynamics, with its current position facing the daily bearish OB. A successful breakout from this area could probability pave the way for the next target, aiming towards our Binance all-time high.
💎 However, in the event of a failure to break out and encountering rejection, there is potential for the price to retreat downwards towards the support area to gather momentum for another attempt.
💎 The support area holds significant importance, as a failure to bounce from this level could signal a breakdown and continuation of the downward movement. This could potentially lead to a further decline in the demand area or even lower levels.
💎 However, in the event of a failure to break out and encountering rejection, there is potential for the price to retreat downwards towards the support area to gather momentum for another attempt.
💎 The support area holds significant importance, as a failure to bounce from this level could signal a breakdown and continuation of the downward movement. This could potentially lead to a further decline in the demand area or even lower levels.
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.