Lingrid | PEPEUSDT Consolidation Before Bullish EXPANSION

3 de dez. de 2024

PEPEUSDT is making frequent fake breakouts at both the support and resistance levels, indicating a phase of consolidation. After a substantial bullish move, the market is currently trading within a range. Typically, the price tends to move sideways rather than a correction when strong momentum is present. Since the market has broken and closed above the downward trendline, I anticipate that it may rolll back to retest this level before continuing its ascent towards the upper boundary of the channel. Overall, I expect the market to continue consolidating before making a steady upward move. My goal is resistance zone around 0.00002280

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

5 de dez. de 2024

Trade fechado: objetivo atingido