PEPEUSDT Inverse Head and Shoulder. Bullish Reversal?
PEPE/TETHERUS Binance
PEPEUSDT is forming a potential reversal setup after rebounding from the 0.00000876 support within a well-defined downward channel. Price action shows signs of accumulation with a right shoulder (RS) formation and a potential breakout brewing above the descending blue trendline. A clean push toward the 0.00001125 resistance would confirm the pattern and may trigger further upside toward the red trendline.
Key Levels
Buy zone: 0.00000876-0.00000900
Sell trigger: failure below 0.00000876
Target: 0.00001125
Buy trigger: breakout and retest of 0.00000960-0.00000980
Risks
Strong resistance from downward channel could limit upside
Breakout failure may trap buyers near 0.00000980
Low liquidity increases volatility risk near major levels
$PEPE DYOR NFA