😨 Is PEPE on the verge of collapse? The "Head and Shoulders" pattern threatens the bulls! ⚠️🐸
📉 After a thorough analysis of the PEPE/USDT chart on the 4-hour time frame, a clear bearish Head and Shoulders pattern has emerged – one of the most dangerous reversal patterns!
🔍 The price is currently testing the neckline at 0.00001130, and if it breaks with a 4H candle close, it warns of a drop towards
🎯 First target: 0.00001050
🎯 Second target: 0.00000950
📊 The RSI indicator is at 40 ➡️ indicating continued selling pressure, but without saturation.
☝️ Alternative scenario?
A rebound above 0.00001160 invalidates the pattern and may bring the price back to 0.00001270 💚
🔥 A question for the veterans:
Is this an imminent collapse... or a golden buying trap? 💰👇
Share your opinion now!
#PEPE #PEPEATH #PEPE_EXPERT #pepepumping #BinanceHODLerTree $PEPE