๐จ PEPE's Pivot at POC: Bulls Eyeing wVAH or Facing a Drop to wVAL? ๐จ
PEPE coin hovers at a critical juncture, with traders on the edge of their seats. Will the bulls charge towards weekly Value Area Highs, or is a retracement to the weekly Value Area Lows on the cards? Hereโs the breakdown:
๐ฏ PEPE currently camps at week's Point of Control (POC): A significant volume node suggesting a tug-of-war between buyers and sellers.
โ๏ธ Balance or Breakdown?: The asset's next move could set the tone for the coming weeks.
๐ Resistance Ahead: Eyes are on the weekly Value Area High (wVAH) as a potential turning point.
๐จ Risk of Retrace: A failure to hold might see PEPE heading towards the weekly Value Area Low (wVAL), marking a key support zone.
๐ Key Insights:
At POC: This is where the most trading activity took place over the past week.
Resistance Test: The wVAH serves as the immediate ceiling to break for a bullish outlook.
Support Watch: If bears take control, expect a test of the wVAL for possible buy-ins or stop-losses.
๐ก Trade smart, stay alert to shifts in volume and price action! Your strategy should hinge on how PEPE interacts with these crucial levels.
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