FieryTrading

🔥 PEPE Falling Wedge: Patience For Break Out

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FieryTrading 已更新   
BINANCE:PEPEUSDT   PEPE / TetherUS
After topping around 190, PEPE has been trading bearish for nearly a month. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so we're going to wait for a bullish break out of the pattern.

My expectation is that we're still going down. The 115 area seems like a decent area for a potential bounce from the wedge's support. Once we've broken out, stop below the wedge, target at 190.
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Break out!

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