PEPE → Potential Rebound at Key Support Zone
hello guys.
Descending Resistance Line: The price broke above a long-standing descending resistance line but is now retesting this line, which could act as support.
Support Zone ($0.00000077 - $0.00000074): The price is approaching a strong support area highlighted in the chart, which has been previously tested multiple times. If the price reaches this zone, a potential rebound is expected.
Bearish Retest and Pullback: There's a bearish pullback after a recent rally, with the possibility of retesting the resistance line or lower support levels before any significant upward movement.
Bullish Scenario: Should the price successfully bounce off the support zone, a strong recovery is anticipated, with a potential upward move towards $0.00000110 or higher, as illustrated on the chart.
RSI Indicator: The RSI is in the lower range, suggesting the asset is nearing oversold territory, which might contribute to a reversal in the coming sessions.
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✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
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Descending Resistance Line: The price broke above a long-standing descending resistance line but is now retesting this line, which could act as support.
Support Zone ($0.00000077 - $0.00000074): The price is approaching a strong support area highlighted in the chart, which has been previously tested multiple times. If the price reaches this zone, a potential rebound is expected.
Bearish Retest and Pullback: There's a bearish pullback after a recent rally, with the possibility of retesting the resistance line or lower support levels before any significant upward movement.
Bullish Scenario: Should the price successfully bounce off the support zone, a strong recovery is anticipated, with a potential upward move towards $0.00000110 or higher, as illustrated on the chart.
RSI Indicator: The RSI is in the lower range, suggesting the asset is nearing oversold territory, which might contribute to a reversal in the coming sessions.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and
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________
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forex telegram channel: t.me/melikatrader94GoldForex
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