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$PEPE "LAST POSSIBILITY"
Hello guys!!!
As previously analyzed, I was expecting a new minimum to form so that our trading range could be restricted, making it easier to break the upper limit.
Now that the minimum has been validated (white dashed line), we just need to see if the upper limit at 0.00000895 can be broken. If so, the price has the potential to rise further as the state will turn into a Change of Character (ChOCH), shifting the bias towards bullish.
However, if the lower limit at 0.00000627 is broken, the price could continue to decline.
The key level to monitor is the lower limit of the daily timeframe at 0.00000585. If this breaks, the daily timeframe will officially change to a bearish Change of Character (ChOCH).
That's all for now—hope it helps! Always review and align it with your trading plan and risk management.
Good luck guys!!!