PEPE H4 Update

PEPE/USD is currently breaking above a local resistance. it is currently sitting on top of the .236 retrace level. The .382 will also line up with the 150 simple moving average. Another key level to watch for for the price the turn is the .382, the second rectangle shown on the chart. These rectangles are areas to monitor on the intraday timeframe to look for entries. All three smas, the 50, 100, and 150 are sloping upward. There is definitely room for more downside as the recent impulse was strong and the price has only touched to the .236 thus far.

Not financial advice.

Do your own DD.

Thanks for viewing the idea.