$PEPE You can follow the explanations I wrote in my previous post, they are still valid.
It rose to the red line but could not break, it remained as a retest of the decline as the current view. This level needs to be broken.
$PEPE It could not break the declining resistance and make a new higher high, also lost the S-R flip zone (green box) and followed a movement as expected between the levels I marked below.
The only positive situation right now is that it is holding above 0.00001733. Closing below here could bring another decline that big. That's why it's a very important level.
A bounce up to 0.000018 at current levels is only a retest of the decline. Higher high that we need to see in the inner structure for bullish confirmation, the candle body needs to close above 0.00001975
The only positive situation right now is that it is holding above 0.00001733. Closing below here could bring another decline that big. That's why it's a very important level.
A bounce up to 0.000018 at current levels is only a retest of the decline. Higher high that we need to see in the inner structure for bullish confirmation, the candle body needs to close above 0.00001975
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PEPE
0.00001795
-5.07%
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