$PEPE

#الوضع Current Technical: Quick and Accurate Analysis 🥰

There is a clear descending triangle pattern (downward resistance line and nearly horizontal support line), indicating selling pressure.

The price has broken the previous upward trend line, which reinforces the likelihood of a decline.

There have been several failed attempts to break the downward resistance line, indicating temporarily weak buying power.

Support and Resistance:

Nearby Support: at approximately 0.00001300.

Resistance: at the downward trend line around 0.00001400 - 0.00001430.

Potential Scenarios: ⏬️ ⏫️ 📊 📉 ⚠️

1. In case of a negative break of the support line (below 0.00001300): we may see a continued decline towards the areas of 0.00001240 then 0.00001200.

2. In case of a positive breakout of the triangle (above 0.00001430): the price may head to re-test the previous peak near 0.00001550.

🤒 🤔 ⏳️ 💼 ✒️ Your brother: Moath AL.mahdi. Kasr Al-Kabir

Summary: The price is currently in a pressure phase and is approaching a pivotal decision (Breakout or Breakdown). It is preferable to wait for confirmation of the break or breakout before entering.