PEPE at strong SR, but chances for another dip are still high

11 Haz 2024

PEPEUSDT follows market vibes. Recent dips reached nice SR level at 1100-1140, but I can't be sure that it was the last dip. In order to confirm end of correction PEPE got to close 4H above 1300. Before that none of moves have bullish value.

If there will be more dips, then zone of interest starts under ~1080 and since there is a wide FVG price can easily dip down to 950-1000. These are short term targets that can be reached within this week.

I'm pretty sure PEPE will revisit 1340-1400 zone at some point, but I won't try to guess, if it will happen after the dip, or instead of it.

25 Haz 2024

Not

Both target zones hit ✅✅

25 Haz 2024

Not

Now pay attention to line chart and trendline based on close prices. I think it clearly represent the reversal pattern