$PEPE is forming a very clean falling wedge on the 30M chart. What makes this setup especially interesting to me is the potential confluence developing near the end of the structure. I extended the 200 SMA forward to see where it may intersect the wedge, and if price continues compressing, we could end up with the lower wedge rail + rising 200 SMA + nearby Fib support all meeting in roughly the same area. That would be a very logical place for a reversal attempt. The ideal scenario for me would be: - Price works lower into the wedge. - Touches or slightly sweeps the lower rail/200 SMA. - Holds support. Then breaks the upper wedge rail with acceptance. That would give me both location and confirmation. The RSI is still fairly neutral, so there’s room for price to continue using more of the wedge before making a decision. Of course, price does not have to touch the 200 SMA. It could front-run it and break out sooner. But if the 200 SMA and lower rail converge near the apex, that would create a very clean technical setup. #PEPE #Crypto #TechnicalAnalysis #FallingWedge #MovingAverage #RSI #Fibonacci #MarketStructure #PriceAction #TradingView