Instrument: PEPEUSDT
Time Frame: 4H
Exchange: Bitget
Trading Type: Swing Trading
It recently broke through a strong resistance level with a significant rise and now appears to be firmly retesting that zone during the current pullback.
Since the retest zone hasn't been precisely defined, if we see another upward move and a clear support formation around the upper red box, it will provide a solid opportunity to set up a long position.