$PEPE has moved above the 0.0₅44 level, with the current price at 0.0₅442.
Near key price levels, I usually watch three things:
① Close: An intraday touch doesn’t count; it’s only a valid breakout if the entire candlestick closes above 0.0₅44.
② Retest: Can the price hold near 0.0₅44 on a pullback? If it holds, that confirms the reversal.
③ Volume: Did volume increase during the breakout? Breakouts on declining volume are more likely to be false.
Near key price levels, I usually watch three things:
① Close: An intraday touch doesn’t count; it’s only a valid breakout if the entire candlestick closes above 0.0₅44.
② Retest: Can the price hold near 0.0₅44 on a pullback? If it holds, that confirms the reversal.
③ Volume: Did volume increase during the breakout? Breakouts on declining volume are more likely to be false.
