Why do traders get scared when they see a correction or accumulation 😂😂
Pepe Analysis
Bollinger Bands:
The price is moving near the upper limit, indicating strong buying pressure, but a slight correction may follow.
Moving Averages:
The price is above the moving averages, which is positive and supports the upward trend.
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🔹 Current Price Action:
There are candles with long upper shadows, indicating some selling pressure in the current area (possible slight correction).
A clear rebound from the lower line of the ascending channel several times, confirming its validity as dynamic support.$PEPE