is it pull back to falling 0.0100 or it is reall rise impulse moving. what do I think.

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---$PEPE


🔍 1000PEPE/USDT Price Analysis – Daily Timeframe

The 1000PEPE/USDT pair is forming a classic symmetrical triangle pattern, signaling potential volatility ahead. Let's break it down:

Key Observations:

1. Resistance Zone: $0.0229360

This level has acted as a strong resistance where multiple rejections are evident.

A breakout above this could confirm bullish momentum.

2. Support Zone: $0.0172381

This area has provided solid support, preventing further downside on multiple occasions.

Losing this level may lead to a deeper correction.

3. Symmetrical Triangle Formation:

The price is consolidating, forming lower highs and higher lows.

A breakout is expected soon, either upward or downward.

4. Volume Decline:

Volume is tapering off during consolidation, typical before a significant move.

Trade Setup:

Bullish Scenario: If the price breaks above $0.0200000 with volume confirmation, it could target $0.0229360 initially, with further potential toward $0.0250000.

Bearish Scenario: A breakdown below $0.0172381 could see the price revisit $0.0150000, where previous accumulation occurred.

Risk Management:

Stop Loss (SL): Place at $0.0172381 for long positions or above $0.0229360 for shorts.

Take Profit (TP): Adjust as per breakout direction.

Final Thoughts:

With the symmetrical triangle nearing its apex, traders should stay vigilant. This pattern often leads to explosive moves, so keeping an eye on volume and breakout direction is essential. Remember to manage risk wisely and trade according to your strategy.

What’s your prediction? Will 1000PEPE break out to the upside or downside? Let us know in the comments!

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