šĀ BONK/USDT ā A Breakout Brewing?Ā šøš„
Looking at the 3-hour chart, the price action is shaping up into a
falling wedge pattern. This structure, marked byĀ lower highsĀ andĀ lower lows,
signals a period of consolidation with decreasing bearish momentum. The
consistent flow within this pattern suggests the asset is building pressure,
setting the stage for a potential breakout.
ACCORDING TO MY ANALYSIS :
A breakout above the resistance line could ignite a powerful upward surge.
Historically, falling wedges have often signaled strong bullish trends,
making this a prime opportunity for PEPE to take off. š
TheĀ TOTAL3 chartĀ is heating up, and the bulls are making their move! š On the 1-hour timeframe, weāre seeing aĀ ascending triangle a bullish powerhouse formation. Higher lows are steadily pressing against a key horizontal resistance, creating tension thatās ready to snap.
When these patterns play out, they often lead to explosive upward momentum. The stage is set, the pressure is building, and the breakout could be monumental.
šĀ RSI Analysis : The Bulls Are Taking Charge!Ā š„šŖ
TheĀ 14-period RSIĀ is on the move, powering up from oversold territory and carving a path into bullish zones. Momentum is clearly shifting to the buyersā side, with higher lows forming consistently an undeniable sign of strength building in the market.
This kind of RSI action often precedes strong price moves, as buyers gain
confidence and sellers lose steam. The trend is your friend, and the momentum is screaming:Ā the bulls are ready to roar!Ā šš„
SIGNAL TYPE : LONG
Entry: 0.00004386 or Market Price
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1st Tp: 0.00004423
2nd Tp: 0.00004514
3rd Tp : 0.00004623
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