pepe coin #FVG D Analysis Based on the Attached Chart
What is FVG D?
"FVG D" refers to the Fair Value Gap on the daily timeframe (D).
This is a price gap caused by an imbalance between supply and demand during price movements.
Such gaps often act as zones where the price retraces before deciding on its next direction, either upwards or downwards.
Price Movement Expectations Based on FVG D:
If the price drops into the FVG D zone:
The price may find support within this zone, especially if it enters the midpoint of the gap.
A bullish rebound can be expected if demand increases at this level, pushing the price upward.
If the price breaks below the FVG D zone:
A strong bearish breakout, marked by a large red candle, would indicate continued selling pressure.
In this scenario, the price is likely to drop further, targeting lower support levels.
Tips for Analysis:
Monitor trading volume as the price approaches the FVG zone to confirm the likely direction.
Use additional indicators like RSI (Relative Strength Index) or EMA (Exponential Moving Average) to enhance your analysis.
Always consider nearby support and resistance levels to minimize risks.
