$PEPE has fallen below the 0.0₅45 level; the current price is 0.0₅448.
Around key price levels, I usually look at three things:
① Holding the level: An intraday dip below it doesn’t count; it’s only a confirmed breakdown if the candle closes below 0.0₅45.
② Rebound: If the price bounces back to around 0.0₅45, can it reclaim the level? If it can’t, support has turned into resistance.
③ Volume: Did volume increase during the breakdown? A move on lower volume is more likely to be reversed.
#PEPE
I can’t guarantee I’m right—make your own judgment.
Around key price levels, I usually look at three things:
① Holding the level: An intraday dip below it doesn’t count; it’s only a confirmed breakdown if the candle closes below 0.0₅45.
② Rebound: If the price bounces back to around 0.0₅45, can it reclaim the level? If it can’t, support has turned into resistance.
③ Volume: Did volume increase during the breakdown? A move on lower volume is more likely to be reversed.
#PEPE
I can’t guarantee I’m right—make your own judgment.