🧠 $PEPE | Swing Plan
The bias is bullish - but that doesn't mean blind buying.
- The recent decline swept through key bottoms, and now the price shows strength by holding above them. Unlike many other altcoins that are recording new lows, PEPE has respected this sweep, indicating that it may have been the result of liquidity attraction.
- We have now seen strong movement on the four-hour timeframe and a clear shift in structure - stronger than most other altcoins currently. This shows relative strength.
- I recommend entering a buy position here, with safe stop-loss orders below the local bottom (red line). If the price breaks this bottom and hits the stop point, I expect a deeper flow. But based on the current technical analysis, this is unlikely.
⚠️ The bias turns bearish if we see multiple four-hour candle closures below the local bottom.#CardanoDebate