Technical analysis by WaveRiders2 about Symbol PEPE: Buy recommendation (11/3/2024)

the price is currently in a downtrend and approaching a significant support zone marked in green. This area aligns with both the monthly and weekly opening prices, suggesting a strong support level. If the price reaches this zone, it could attract buyers, potentially pushing the price upward.Key Points:Current Trend: Downward movement towards the green support zone.Support Zone: Coincides with monthly and weekly opening prices, indicating potential strong support.Potential Action: Monitor for bullish confirmation signals upon price reaching the support zone before considering a long position.Always ensure proper risk management and wait for clear confirmation before entering a trade