$PEPE has lost the 0.0₅45 level, with the current price at 0.0₅448.
Round-number levels have no magic of their own, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so bulls and bears often battle it out repeatedly.
The key is whether a rebound can reclaim 0.0₅45. If it can't, that former support becomes resistance.
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Just sharing my notes. Make your own trading decisions.
Round-number levels have no magic of their own, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so bulls and bears often battle it out repeatedly.
The key is whether a rebound can reclaim 0.0₅45. If it can't, that former support becomes resistance.
If you found this useful, give me a follow so you don't miss the next post 👆
Just sharing my notes. Make your own trading decisions.