PEP: Discount Zone Test – Will Buyers Defend?

PEP | Discount Zone Test – Will Buyers Defend?

Price is sitting inside the discount / strong low zone (~140) after a sharp selloff.

Scenarios:

🟢 Bullish case: If buyers defend this level, expect a reclaim of 142.28 equilibrium, which opens a move toward the 143.40–143.42 premium zone.

🔴 Bearish case: Failure to hold this low risks a sweep of liquidity below 140 before any reversal attempt.

Confluence:

RSI near 35 = oversold territory → potential reaction zone.

Clear BOS/ChoCH structure showing institutional footprints.

Volume spikes around breaks = liquidity hunts.

Bias: Watching for confirmation bounce in discount zone before scaling in.

📌 Manage risk. Not financial advice.