$PEPE has reached the end of a converging triangle and is about to make a directional move.
On the 4-hour chart, the lows keep rising, with the purple ascending trendline supporting the price all the way up. Overhead, a descending trendline runs down from the previous high.
Price is now stuck near key resistance. A valid breakout would require a surge in volume, a move above 0.0054, and then holding above it. If bullish momentum is insufficient, price will most likely turn back to test support around 0.0049.
With the ETF approval narrative and funds following Sun Ge in the mix, a confirmed breakout could open up more room to run.
If you often get caught chasing rallies and selling dips, and don't know which way to go, join the chat room for trading ideas.
#黄仁勋因婚外情致歉，英伟达启动独立调查
On the 4-hour chart, the lows keep rising, with the purple ascending trendline supporting the price all the way up. Overhead, a descending trendline runs down from the previous high.
Price is now stuck near key resistance. A valid breakout would require a surge in volume, a move above 0.0054, and then holding above it. If bullish momentum is insufficient, price will most likely turn back to test support around 0.0049.
With the ETF approval narrative and funds following Sun Ge in the mix, a confirmed breakout could open up more room to run.
If you often get caught chasing rallies and selling dips, and don't know which way to go, join the chat room for trading ideas.
#黄仁勋因婚外情致歉，英伟达启动独立调查
