๐จ๐จ$PEPE Update: Get Ready for a Potential Downward Move!๐๐
Chart Summary:
- $PEPE 's price broke out of a symmetrical triangle and is now forming a range or rectangle pattern.
Trend Analysis:
- $PEPE is currently experiencing compression, indicating a potential downward movement.
Price Patterns:
- Two possible correction zones within the rising trend:
1. Around $0.0000107
2. Between $0.0000099 and $0.0000094
Bullish Trend Confirmation:
- If the range area breaks down, it will confirm the downward movement.
Actionable Insights:
- You can take a risk and enter a short position now, targeting the two previously mentioned areas.
- Alternatively, wait for the range to break down before entering a short position, with a target of reaching the blue area.
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