📈🐸 PEPE Update: 15-Min Chart Forms V-Shape Reversal - What's Next? 🐸📈
On the 15-minute timeframe, $PEPE appears to have formed a V-shape reversal pattern. This typically indicates a swift recovery following a sharp downturn.
A V-shape suggests that buying pressure quickly overcame selling pressure, leading to a strong rebound. This pattern can be a positive sign for short-term momentum, as it shows resilience in the face of a dip.
While V-shape reversals are generally considered bullish, it's crucial to watch for sustained volume and follow-through to confirm the upward trend. Keep an eye on key resistance levels.
