MUHAMAD AQMAL RIVALDYANOR
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Bullish Potential for PEPE: Cup and Handle Pattern Forming!
Previously, I took a short position based on the local structure in the lower timeframe. However, after seeing the latest 4H candlestick close, it's clear that bullish momentum is far more dominant, and the price has managed to hold the critical support area.
Now, on the 4H timeframe, the price is forming a Cup and Handle pattern, a strong indicator for a bullish reversal.
Key Points:
Strong Support: Holding at the Fibonacci 0.382 - 0.5 area.
Confirmation: We're waiting for the price to break through resistance around 0.0041000.
Target: If the breakout is valid, the target rise is in the area of 0.0050000.
Will PEPE break through this handle and take off? Keep an eye on the volume! [STAY TUNED FOR MY NEXT UPDATE]
#PEPE #CryptoAnalysis #writetoearn #bullish $
Previously, I took a short position based on the local structure in the lower timeframe. However, after seeing the latest 4H candlestick close, it's clear that bullish momentum is far more dominant, and the price has managed to hold the critical support area.
Now, on the 4H timeframe, the price is forming a Cup and Handle pattern, a strong indicator for a bullish reversal.
Key Points:
Strong Support: Holding at the Fibonacci 0.382 - 0.5 area.
Confirmation: We're waiting for the price to break through resistance around 0.0041000.
Target: If the breakout is valid, the target rise is in the area of 0.0050000.
Will PEPE break through this handle and take off? Keep an eye on the volume! [STAY TUNED FOR MY NEXT UPDATE]
#PEPE #CryptoAnalysis #writetoearn #bullish $
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