Here's my take on what's happening with $PEPE:
The large red candle was likely the last strong attempt by sellers to push the price lower. Following that, the formation of three strong bullish candles (similar to the "Three White Soldiers" pattern) suggests that buyers stepped in with momentum, preventing further downside pressure.
I expect a minor pullback next, followed by a brief upward move of around 1%. After that, I anticipate a downward move to sweep liquidity—likely orchestrated by whales—to trigger stop-losses and collect orders. Once that liquidity is taken, I believe the uptrend will resume with renewed strength.