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Lingrid | PEPEUSDT Breakdown from Range May Spark Selling

perfectly played out my previous trading idea. Price has lost its consolidation range and continues to print lower highs under a descending trendline, confirming bearish control. The breakdown below the range support signals trend continuation rather than exhaustion, with sellers defending every rebound attempt. Structure remains weak as price trades below former support, now acting as resistance.

If downside momentum persists, it could slide toward the next support band around 0.000032. Any bounce into the broken range or trendline is likely to attract fresh selling pressure.

➡️ Primary scenario: pullback → continuation lower toward 0.000032.
⚠️ Risk scenario: recovery back above 0.000040 would weaken the bearish setup.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

Lingrid

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Lingrid

🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j

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