Weekly trading plan for PepePEPE / TetherUSBINANCE:PEPEUSDTtrading_muraLast week, Pepe faced resistance at the monthly pivot point, which triggered a downward move. At the moment, the price has reacted from S2 and is trying to bounce. Considering the rejection from the monthly pivot point, it would be logical to reach the monthly S1 at 944 along with a break of the nearest ascending trendline. In the near term, the price may stay in consolidation. Only after breaking above 1031 could we see a move toward the weekly pivot point. Until that level is broken, the structure remains bearish, with the target being the support zone and this week’s S3 level.