🧠From the perspective of liquidity, we fell below the inflection point and swept the liquidity pool, so there is an expectation of a rebound. The structure of the big cycle is a double bottom bullish structure, so it is mainly bullish. At present, we have returned to the support zone, and there is a probability of rebounding from here, so please be cautious in chasing shorts
Let's see👀
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📊Can #PEPE continue to rise?
🧠The rebound in the support area has been achieved and yesterday's resistance area has been tested multiple times. The pressure in this area is currently relatively high. If we cannot break through this area strongly, then we need to be alert to the risk of further decline. So yesterday's long orders were closed when the resistance zone was tested again today. I need to see a strong signal to consider participating in new long transactions and maintain more patience.
⚠️Another thing to note is that if we fall below SL: 0.00834, it means that a larger short structure will appear, and we need to be alert to the arrival of a deep correction.
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