Well, the $PEPE chart is giving us a real test of patience right now! We're seeing a significant drop of over 10% from the recent high, pushing the price to a critical support zone around $0.00000584.
This steep fall shows the bears are definitely in control for the short term. However, this is the area where buyers have historically stepped in.
Wait for a clear reversal candle or wick rejection at this support before thinking about entry. A Long is only safe on confirmation.
🔹Target 1 (T1): $0.00000670 (Immediate overhead resistance/bounce target)
🔹 Target 2 (T2): $0.00000750 (Previous local high/stronger resistance)
🔹 Stop-Loss (SL): A sustained 4-hour close below $0.00000550 would be a major bearish trigger, invalidating the setup and opening the door to deeper lows.
