Bias: Bullish, but extended
$PEPE is trading around 0.00000594 after a strong expansion from the 0.00000505 area. Buyers stepped in aggressively, cleared nearby sell pressure, and pushed price straight into the 0.00000610 zone. That level acted as resistance and sellers responded, but the pullback has been shallow and controlled.
Price is now being accepted above the 0.00000570 to 0.00000580 area. Sellers tried to push it lower but failed to gain traction, which tells me demand is still present. This looks like consolidation after a fast move rather than a reversal.
The move happened because supply above the base was thin and momentum buyers chased once price broke higher. Since then, holders are sitting tight instead of rushing to exit.
Trade plan
Entry range: 0.00000575 to 0.00000595
Stop loss: 0.00000540
Take profit 1: 0.00000610
Take profit 2: 0.00000645
Take profit 3: 0.00000690
As long as PEPE holds above the 0.00000570 support zone, the structure remains bullish and continuation stays possible. A clean loss of that support would shift control back to sellers.
