LIVE🚨 PEPE's Positioning at POC: Bulls Eyeing wVAH or Bracing for a Drop to wVAL? 🚨
PEPE coin finds itself at a pivotal moment, keeping traders on high alert. Will the bulls rally towards weekly Value Area Highs, or is a potential retreat to the weekly Value Area Lows looming? Here’s the breakdown:
🎯 PEPE currently rests at the week's Point of Control (POC): A significant volume node indicating a battle between buyers and sellers.
⚖️ Balance or Breakdown?: The next move of the asset could shape the trajectory for the weeks ahead.
📈 Facing Resistance: Attention is on the weekly Value Area High (wVAH) as a potential turning point.
🔨 Risk of Pullback: A failure to hold ground might lead PEPE towards the weekly Value Area Low (wVAL), marking a critical support area.
📊 Key Insights:
POC Significance: Reflects the highest trading activity of the past week.
Testing Resistance: Breaking through the wVAH is crucial for a bullish outlook.
Monitoring Support: In case of bearish dominance, anticipate a test of the wVAL for potential buy-ins or stop-loss placements.
💡 Trade wisely, staying attuned to shifts in volume and price movements! Your trading strategy should be informed by how PEPE interacts with these pivotal levels.
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