๐ง From a structural point of view, we have reached the target area of โโthe weekly level and the daily level. This is regarded as the heaviest resistance area. There is a risk of pullback in the short term. Remember to lock in the main profit or close the position. It is reasonable.โ๏ธ
โก๏ธFrom a wave theory perspective, Main Wave 5 may have ended with a mini-pulse wave
๐ฅThe first support area can be focused on near the neckline
Donโt forget risk management๐ฏ โ๏ธTrade safeโ๏ธ ๐คIf you like my analysis, please like ๐and share it๐ฌ ๐ Follow me so you don't miss out on any signals and analyze ๐ฏ 1000PEPEUSDT.P
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๐#PEPE New engagement opportunities๐ฅ
๐ง Although we are in a bullish trend, both the daily level target and the weekly level target have been achieved, so we are in multiple resistance areas and the selling pressure is heavy. Please do not chase the rise under pressure. Instead, it makes sense to go short here.๐
๐ฅIf we are able to construct a bearish head and shoulders structure here, then feel free to attempt a short trade.๐ช
โก๏ธThe short order we made yesterday automatically locked in most of the profit after it hit TP2. In the end, it hit the stop loss and wiped us out, but it doesn't matter, it just made a little less.
๐Congratulations to the friends who followed Wolf King to print money, and we look forward to entering the next setting together.โ๏ธ
Donโt forget risk management๐ฏ โ๏ธTrade safeโ๏ธ ๐คIf you like my analysis, please like ๐and share it๐ฌ
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Bearish head and shoulders structure does not hold