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"WIDE TRADING RANGE, DON'T GET WRECKED!"
Hi guys!!!
May you have patience and perseverance
A trading range is when the price moves between two key levels, "support and resistance" without showing a clear trend.
In this setup, the price tends to bounce back and forth within the zone.
Currently, we are in a fairly wide range:
Key Resistance: 0.00001541 (BOS)
Key Support: 0.00000758 (ChOCh)
This wide gap leaves room for a potential deep decline.
But don't panic, we have identified a strong demand zone that could see the price bounce back if selling pressure increases.
Also, don't ignore macro sentiment.
Although YoY inflation has eased, the recent spike in monthly inflation could spook the market in the short term.
And the impact of tariffs is still looming, even though they are set at 30% with a 90-day lag.
Caution is not fear bu it is intelligent preparation.
That's all for this short education, hopefully useful.
Good luck guys !!!
#TrumpTariffs
#TradeLessons
PEPE
0.00001401
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