📊#pepe target area achieved, be wary of callbacks⚠️

🧠From a structural point of view, we have reached the target area of ​​the 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.✔️

➡️From a wave theory perspective, Main Wave 5 may have ended with a mini-pulse wave

🔥The first support area can be focused on near the neckline

Don’t forget risk management💯
✔️Trade safe✔️
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Kommentera:

📊#PEPE New engagement opportunities🔥

🧠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.📉

🔥If we are able to construct a bearish head and shoulders structure here, then feel free to attempt a short trade.💪

➡️The 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.

🎉Congratulations to the friends who followed Wolf King to print money, and we look forward to entering the next setting together.☕️

Don’t forget risk management💯
✔️Trade safe✔️
🤜If you like my analysis, please like 💖and share it💬

Kommentera:

Bearish head and shoulders structure does not hold