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$PEPE 4h Price Chart Analysis
- Based on the bearish trend and the mixed but generally weak indicator signals, I expect price to test support zones below. The price is likely to move toward 0.00000323 and potentially sweep the 0.00000312 level.
- If there is a liquidity grab below 0.00000312 and a strong bullish reversal candle appears, I would expect a bounce back up toward 0.00000334 and possibly 0.00000353.
- If no reversal is seen, and bearish momentum continues, price may break down toward 0.00000310 or even lower.
- For a long setup: Wait for a swing failure or clear bullish reversal below 0.00000312, enter on confirmation, target 0.00000334 and 0.00000353, with stop at the lowest swing low.
- For a short setup: If price rejects from 0.00000334 or 0.00000353, enter on confirmation, target 0.00000323 and 0.00000312, with stop above the local swing high.
- My bias will shift to bullish only if price closes above 0.00000353 with strong follow-through and bullish structure.