$PEPE just hit a brick wall or is this just a breather before the next leg?
We finally caught some momentum and pushed up to 0.00000384, but that rejection candle on the 1-hour chart is making me second guess things. The buyers stepped in hard around the 0.00000369 level earlier, which is good to see, but the order book is looking a bit heavy on the sell side right now. If we can't hold this 0.00000378 area, we might just slide back down into that choppy range we've been stuck in all day. Volume is decent at 25M, so at least there’s actual interest here. I'm keeping a close eye on the next few candles to see if we can flip 380 into support.
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$PEPE just hit a brick wall or is this just a breather before the next leg?
We finally caught some momentum and pushed up to 0.00000384, but that rejection candle on the 1-hour chart is making me second guess things. The buyers stepped in hard around the 0.00000369 level earlier, which is good to see, but the order book is looking a bit heavy on the sell side right now.
If we can't hold this 0.00000378 area, we might just slide back down into that choppy range we've been stuck in all day. Volume is decent at 25M, so at least there’s actual interest here.
I'm keeping a close eye on the next few candles to see if we can flip 380 into support.
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