$PEPE
To draw support and resistance yourself on PEPE or any coin, follow this simple method:
Start with a higher time frame
Use the daily or 4-hour first, because the levels there are usually clearer and stronger than on the 5-minute or 15-minute.
Look for repeated bottoms to draw support
Support is a zone where the price dropped to, then bounced up more than once.
Don’t draw a line on just the last candle.
Draw a horizontal zone that covers the candle bodies and the nearby wicks.
The more times the price touches it and bounces, the more important it becomes.
Look for repeated tops to draw resistance
Resistance is a zone where the price rose to, then reversed from more than once.
Connect the nearby highs with a line or a horizontal rectangle.
The highs that are followed by a strong drop often deserve attention.
Treat them as zones, not exact numbers
In volatile coins like PEPE, the price may pierce the level slightly with the wick and then return. So use a range such as:
Support: from 0.00000320 to 0.00000334
Instead of relying on just one number.
Rank the level’s strength
Support or resistance is usually more important if:
It appears on a higher time frame.
Price interacts with it two or more times.
It’s accompanied by high trading volume.
It lines up with a moving average or a clear prior high/low.
Watch the close, not just the touch
Touch resistance and then close below it: this may mean it continues to act as resistance.
A clear close above it with good volume: this may cause the area to turn into support on a retest.
To draw support and resistance yourself on PEPE or any coin, follow this simple method:
Start with a higher time frame
Use the daily or 4-hour first, because the levels there are usually clearer and stronger than on the 5-minute or 15-minute.
Look for repeated bottoms to draw support
Support is a zone where the price dropped to, then bounced up more than once.
Don’t draw a line on just the last candle.
Draw a horizontal zone that covers the candle bodies and the nearby wicks.
The more times the price touches it and bounces, the more important it becomes.
Look for repeated tops to draw resistance
Resistance is a zone where the price rose to, then reversed from more than once.
Connect the nearby highs with a line or a horizontal rectangle.
The highs that are followed by a strong drop often deserve attention.
Treat them as zones, not exact numbers
In volatile coins like PEPE, the price may pierce the level slightly with the wick and then return. So use a range such as:
Support: from 0.00000320 to 0.00000334
Instead of relying on just one number.
Rank the level’s strength
Support or resistance is usually more important if:
It appears on a higher time frame.
Price interacts with it two or more times.
It’s accompanied by high trading volume.
It lines up with a moving average or a clear prior high/low.
Watch the close, not just the touch
Touch resistance and then close below it: this may mean it continues to act as resistance.
A clear close above it with good volume: this may cause the area to turn into support on a retest.