$PEPE
" PRICE KEEPS DROPPING, BUT THERE'S A CATCH... "
Hi guys!!!
Sorry for bothering you, let's update the price first!!
Strange, isn’t it? Price has been dropping since yesterday, but if you look closely, there’s actually a compression zone forming along the way.
That usually means buyers are still in the game, challenging the prevailing sentiment.
Our key support level has already been tapped.
But for now, it looks more like a liquidity sweep than a proper bounce. Still, it’s a zone worth watching.
Interestingly, we now have a new Higher High (HH) at 0.00000981.
If this level gets broken to the upside, it could be a strong signal that this little frog still has the energy to jump higher. A small detail, but one that often gets overlooked in noisy markets.
The price is currently moving slightly upward.
If this move forms an engulfing candle or another solid reversal pattern, a rebound could be on the table.
But don’t get too comfortable, this might just be what I call a “false safety” phase.
Always remember, the market doesn’t care about your charts or candlestick patterns.
Tighten your risk management. Hope is not a strategy.
Spot something similar on your chart? Share your thoughts in the comments.