PEPEUSDT just printed a textbook 3-tap support rejection, followed by a Break of Structure (BOS) through the descending trendline — now bulls are watching for a retest entry opportunity.
--Key Technical Highlights:
🔹 3 Rejections @ Support: Price respected the ~$0.00001000 level multiple times, building a strong base.
🔹 Break of Structure (BOS): Momentum shifted as PEPE broke the local highs and pierced descending resistance.
🔹 Wait for Retest: Ideal entry comes on a pullback to the previous resistance for a clean breakout confirmation.
🔹 Target: $0.00001351 – Based on prior swing highs and fib extension levels.
**A failed retest could invalidate the setup — watch lower support (~$0.00000900) for last line of defense.
--Key Technical Highlights:
🔹 3 Rejections @ Support: Price respected the ~$0.00001000 level multiple times, building a strong base.
🔹 Break of Structure (BOS): Momentum shifted as PEPE broke the local highs and pierced descending resistance.
🔹 Wait for Retest: Ideal entry comes on a pullback to the previous resistance for a clean breakout confirmation.
🔹 Target: $0.00001351 – Based on prior swing highs and fib extension levels.
**A failed retest could invalidate the setup — watch lower support (~$0.00000900) for last line of defense.
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Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.