⚠️ Currency update $PEPE : the rejection of my sale at the local high paves the way for a wave of corrective decline
🔴 Technical direction: a clearly defined sell rejection after a strong bullish impulse toward the 0.00000388 levels, with the formation of bearish red candles
📍 Tracking zone: 0.00000380 – 0.00000385
🎯 Corrective price targets:
• Target 1: 0.00000374
• Target 2: 0.00000371
• Target 3: 0.00000368
❌ Scenario invalidation: a 15-minute candle close above 0.00000392
💡 Technical reasons: the 15-minute chart shows deeply choppy trading in the overbought zone, along with the appearance of an extreme overbought alert and a drop in the short-term momentum indicator, plus a shift in bias toward a slightly negative range. The current bearish candles reflect profit-taking after the rapid bullish impulse
🔴 Technical direction: a clearly defined sell rejection after a strong bullish impulse toward the 0.00000388 levels, with the formation of bearish red candles
📍 Tracking zone: 0.00000380 – 0.00000385
🎯 Corrective price targets:
• Target 1: 0.00000374
• Target 2: 0.00000371
• Target 3: 0.00000368
❌ Scenario invalidation: a 15-minute candle close above 0.00000392
💡 Technical reasons: the 15-minute chart shows deeply choppy trading in the overbought zone, along with the appearance of an extreme overbought alert and a drop in the short-term momentum indicator, plus a shift in bias toward a slightly negative range. The current bearish candles reflect profit-taking after the rapid bullish impulse
