Lingrid | PEPEUSDT Consolidation before potential EXTENSION

٣٠ أكتوبر

The price perfectly fulfilled my previous idea. It reached the target. PEPEUSDT has created a fake break of the previous support level by forming a double bottom. It has been consolidating since the beginning of this month following the impulse move. If you take a step back and look at the daily timeframe, you'll notice that the price has formed an inverse head and shoulders pattern. I believe the market may retest the support level before moving higher, potentially breaking through the downward channel. My target is resistance zone around 0.0000108

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻