$PEPE is trading above the 0.0₅55 level, with the current price at 0.0₅559.
Around key price levels, I usually watch three things:
① Close: An intraday touch doesn’t count; it’s a genuine breakout only if the closing price is above 0.0₅55.
② Retest: Can it hold around 0.0₅55 on a retest? If it holds, the transition is complete.
③ Volume: Does trading volume increase during the breakout? Breakouts on lower volume are more likely to be reversed.
Around key price levels, I usually watch three things:
① Close: An intraday touch doesn’t count; it’s a genuine breakout only if the closing price is above 0.0₅55.
② Retest: Can it hold around 0.0₅55 on a retest? If it holds, the transition is complete.
③ Volume: Does trading volume increase during the breakout? Breakouts on lower volume are more likely to be reversed.
