PEPE - Shooting Star = Market Warning

[ed]

PEPE Had a nice 17% pop since yesterday.

But it has just printed quite a nasty Shooting Star.

The Star pierces through resistances and trendline so there is plenty of liquidity sweeping here.

This signals a potential move back down.

Overall this I think the market is getting close to a significant bounce but this is a little price action warning here.

Perhaps there may be yet another market wobble in the pipeline.

I took profit here - can't hold in front of this star and may be a dip to buy later .

This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.

[Nahid Hossen]

That candle is definitely not friendly

[Abdul Khan]

Could signal exhaustion — waiting for confirmation.