$PEPE $PEPE $PEPE

PEPE/USDT, currently trading at $0.00002251 (+15.08%), here’s a technical analysis to help outline targets and strategies:

Key Levels:

  1. Resistance Levels:

    • $0.00002400: Immediate resistance (24h high). A breakout here could lead to further upward momentum.

    • $0.00002426: Historical resistance zone to watch.

  2. Support Levels:

    • $0.00002045: Near-term support based on recent price action.

    • $0.00001948: Critical support (24h low).

Indicators:

  • Moving Averages:

    • MA(5): 1.80T PEPE

    • MA(10): 2.58T PEPE
      Prices remain above both MAs, signaling bullish strength.

  • Volume:

    • PEPE Vol: 74.00T, and USDT Vol: 1.61B — High volumes indicate significant market activity and liquidity.

  • Trend:

    • The upward trend remains intact, with a potential for continuation if $0.00002400 breaks.

Trading Plan:

  1. Entry Points:

    • Aggressive Entry: Near the current price of $0.00002251, assuming bullish momentum continues.

    • Conservative Entry: Around support at $0.00002045 or $0.00001948 for safer positioning.

  2. Take Profit Levels:

    • Target 1: $0.00002400 (24h high).

    • Target 2: $0.00002500 (psychological level).

    • Extended Target: $0.00002700 (historical resistance or Fibonacci extensions).

  3. Stop-Loss:

    • Place at $0.00001948, below the 24h low, to mitigate risk.

Observations:

  • Bullish Momentum: Gains of 15.08% and increasing volume support a strong upward trend.

  • Volatility: Prices are volatile, so position sizes should be managed carefully.

  • Breakout Potential: Watch closely for a sustained move above $0.00002400, which could trigger further buying pressure.

✍️I am not financial advisor 💥good luck traders 🙌

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