Is Pepe's Bullish Era Over? A Closer Look at the Market Shift**

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Pepe's bullish run seems to be fading, with recent chart patterns indicating a potential downward movement. Here’s a quick analysis of Pepe's current market structure :

1. Liquidity Pool Breakdown :

- A key observation is the **liquidity pool at the bottom** of the chart, which Pepe is approaching. A break below this pool could trigger further downside momentum.

2. Internal Structure Pullback :

- The recent bullish wave can be seen as an **internal structure** and pullback rather than the start of a new uptrend.

3. Red Range and Demand Zone :

- If Pepe maintains the **red range**, it could potentially drop toward the **demand range** below, signaling a deeper correction.

4. Invalidation Level :

- A daily candle closing above the **invalidation level** would negate this bearish outlook, but so far, the trend leans downward.

5. Risk Management :

- It's crucial to apply proper **risk management** strategies, including setting a stop loss and practicing careful capital management.

Conclusion & Advice :

Pepe's market structure suggests the bullish momentum may be waning, with risks of further declines. Traders should closely monitor the liquidity pool and red range levels for possible breakdowns. Stay cautious, apply risk management, and be prepared for volatility. Closing above the invalidation level could shift the narrative, but for now, a bearish outlook seems likely.

For more questions, feel free to comment. Stay informed and manage your risks wisely!