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PEPE/USD Analysis – 4H Chart Outlook
The current 4H structure shows a clear rising wedge, indicating potential bearish divergence. Price action has entered a breaker block and is reacting below the FVG (Fair Value Gap) zone.
Scenarios to watch:
Bullish: A candle close above the invalidation zone could push the price higher.
Bearish: If the breaker block holds and the structure fails, expect a drop toward the next support and potentially the major support zone.
Key Zones:
Breaker Block: Resistance
Support: 0.00000615
Major Support: 0.00000560
Trade safely and always manage your risk!
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