PEPE - Important Lines
2024-12-19
Category: None

Quickly wanted to provide the important trendlines for PEPE.

After the breakout to the upside we saw one successful retest that was outlined in this post:


Also focus on our green trendline. It acted as a level of support for most of the uptrend, the price had a breakdown, retested it twice as new resistance, and we have seen price fall ever since.

Now with this recent drawdown we are looking for a second successful test of the white trendline. If we cannot hold it as support price could drop all the way to our purple line again that represents our previous ATH.
