Technical analysis by DAY11 about Symbol PEPE on 10/9/2025

PEPE is forming symmetrical triangle pattern in the 4h time frame . Lets go straight into chart , Lower highs are connecting a line , which is resistance and Higher Lows are connecting a line , which is support , As the two trendlines move closer, they are forming a triangular shape, indicating breakout either up or down side . This is consolidation period . How to trade? Breakout: A breakout occurs when the price moves above the upper trendline(resistance) with getting volume , suggesting a new upward trend. And a breakdown occurs when the price falls below the lower trendline (support), signaling a new downward trend. Confirmation: We should wait to confirm ( After a break out the price must be retest the resistance or support depend on where breakout happen ) the breakout up or down to avoid false signals. Target: The distance between the lines . Stop Loss - Put the stop loss - Below the resistance or support depend on break out . Do Your Own Research before diving into , Not a Financial Advise . Don't take entry until the break out not happens .