$PEPE
Accurate and concise analysis. 📉
Today's trend: There is stability, but caution and monitoring of support and resistance are necessary. I suspect manipulation by the whales.
There was a clear downward trend at first.
Then there was relative stability (horizontal fluctuation), indicating a period of accumulation or market indecision.
After that, there was a sudden bullish breakout, followed by a downward correction.
Support and resistance areas: ⏫️⏬️⚡️⚡️⚡️⚡️
A clear horizontal blue line in the image represents a previous resistance level that has now become support (or vice versa).
The price has approached this line several times, confirming its importance.
Quick analysis: 🤔🤔🤔🤒🤒🤒🤒🤒
If the price closes above the blue line consistently with high trading volume, it may signal a continuation of the upward movement.
However, if it fails to hold above the blue line and falls below it again, it is a negative signal, and the price may return to test the previous low.
Conclusion: ⚡️⚡️🤏🤏🧲🧲
Currently, the market is in a testing phase for an important level (the blue line), and the close on it should be monitored in the timeframe you are trading on. Entering now carries a medium risk; it is preferable to wait for a confirmation of the trend (clear breakout or rebound).
Your brother: buino Moha. Kasr al-Kabir 💰🥰
