$PEPE #PÉPÉ #CryptoCPIWatch
Brief Technical Analysis: From your brother .buino Moha. Follow us to keep up with the journey with this rebel #pépé
Previous Trend:
There was a strong rise that reached a peak at 0.00001510, followed by a sharp decline.
Current Situation:
The price has formed a higher low than the previous low, indicating the possibility of the beginning of a short-term upward trend.
There is a clear upward support line that has been drawn touching the recent lows, and the price is currently moving above it.
Upward Chances:
Staying above the upward support line gives a chance to test the next resistance around 0.00001170 – 0.00001200.
Breaking the recent small peak (around 13:35 on the chart) confirms the market's intention for a positive rebound.
Downward Chances:
If the downward sloping support line is broken, the price may return to test the last low near 0.00001030 and perhaps below it.
Advice: Watch the support at the lower blue line, and if it is clearly broken with high trading volume, that is a signal to exit for the short seller. However, if it rises above the nearby peak, it is a short entry opportunity targeting the resistance.
