PEPE did not give the deviation we expected but directly nuked to the downside after the retest. If you’ve taken an aggressive entry congratulation and take some profits.
Currently retesting the highs of the range we previously broke out of.
Expecting a possible run up to the upside and deviation before a continuation to the downside.
DO NOT CHASE THE TRADE WAIT FOR IT TO COME TO YOU.
Bearish plan remains the same until proven wrong.
Entry after deviation of current highs (aggressive) or deviation of 0.0015500$ (conservative)
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.