📊 $PEPE 1H ANALYSIS 📊
Price is hovering near the upper boundary of the latest swing, where a liquidity grab is highly probable. Failure to sustain above 0.00001126 could trigger a rejection and corrective drop, offering a short opportunity.
Short setup: Ideal entry would be a rejection from 0.00001126, aiming for a correction toward the 0.00001089 – 0.00001016 range.
Long setup: Bulls need a decisive break above 0.00001126 with strong confirmation (e.g., OTE, pin bar, bullish engulfing) followed by a retest. Targets sit at 0.00001169 and 0.00001190.
Confirmation is key: Look for reversal signals like pin bars after low-volume spikes on the 5m–15m timeframe, or a candle close above the critical 0.00001126 level.
Risk control: Place stop-loss beyond invalidation zones such as the nearest swing high/low.
Sustained strength above 0.00001126 would validate bullish continuation.