$PEPE
Pepe still has the possibility of a rebound followed by a continued correction, mainly in a state of fluctuation.
The 4-hour trend is still in a state of range fluctuation, oscillating on the middle track without breaking through it. The daily trend belongs to the tail end of a corrective wave; it is unclear whether this corrective wave will continue downward or reach the bottom, or whether it will oscillate while trading time for space.
From a broader perspective, there will still be a round of correction. This correction can take the form of a downward pattern or finish as a range fluctuation pattern. The area around 14.15 can be regarded as a short-term support point, and there is no problem with an overall bullish attitude.
Its specific trend is not standard; the rebound is very strong but also very short-lived, suitable for a quick rebound after a sharp drop, or directly waiting for the subsequent rise to 18, 20, or 22 as long as there is a correction, there will be an increase, it’s just a question of how much.
The chart shows the daily adjustment; the expected target will change with the passage of time, but the bullish trend remains unchanged, watching for corrections but not doing corrections, focusing on low bullish positions.