PEPE is forming a clear falling wedge structure after a prolonged downtrend. Price action is compressing between converging downward trendlines, showing a slowdown in bearish momentum as sellers lose strength near the lower boundary.
The recent liquidity sweep below support followed by consolidation suggests potential base formation. If PEPE manages to break and hold above the upper boundary of the falling wedge, a relief rally toward the major descending resistance becomes likely. This would mark the first structural shift after an extended bearish phase.
On the downside, failure to defend the wedge base will invalidate the bullish reversal setup. In that scenario, price may continue lower toward deeper demand zones, keeping the broader downtrend intact.
This setup is driven by falling wedge dynamics, momentum compression, and liquidity behavior near higher timeframe support. Confirmation through breakout and acceptance is essential before expecting continuation.
The recent liquidity sweep below support followed by consolidation suggests potential base formation. If PEPE manages to break and hold above the upper boundary of the falling wedge, a relief rally toward the major descending resistance becomes likely. This would mark the first structural shift after an extended bearish phase.
On the downside, failure to defend the wedge base will invalidate the bullish reversal setup. In that scenario, price may continue lower toward deeper demand zones, keeping the broader downtrend intact.
This setup is driven by falling wedge dynamics, momentum compression, and liquidity behavior near higher timeframe support. Confirmation through breakout and acceptance is essential before expecting continuation.
Market Structure • Price Action • Crypto Updates
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🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。