#PEPE New Update

2024.11.27

UTC 13:30

After the significant rise, the journey continues in the falling channel.

I showed the chart by mixing both 1-hour and 4-hour temporal data so that you can see it in more detail.

I drew the falling channel boundaries according to the 1-hour chart.

I'm sure others have drawn a different falling channel. Of course, the chart I drew 15 days ago is not the same as the current one. You need to constantly update yourself according to dynamic price movements and the situations that occur.

It's trying to hold on to an important support. In order to be able to say that the decline continues, the price needs to fall below the 1755 level and liquidate the green long liquidity.

For now, that long liquidity is under the protection of the green accumulation zone formed according to the 4-hour chart.

Why did I say for now? Because the thin gray resistance area a little above has just formed. In other words, the order in which these zones are formed is also very important.

Your expectation should be that the price permanently passes the first thin resistance area above without breaking this green protection area downwards and targets the short liquidities above (dark blue).

A sharp decline below 1755 creates a risk of 1300 levels. (Unless another new green accumulation zone forms in between) Let's still think positively and ignore that possibility for now.

Good luck.