🚨Pepe Coin ($PEPE ) Scalping & Day Trading Analysis – November 18, 2024🚨👇

Price: $0.00002118 (4.18% up in 24 hours)

24h High: $0.00002258

24h Low: $0.00002027

Volume (24h):

PEPE: 43.41T

USDT: 927.41M

RSI (6): 46.79 (Neutral, nearing oversold territory)

Bollinger Bands:

Upper Band: $0.00002258

Lower Band: $0.00002080

(Price is consolidating near the median band, indicating potential for breakout)

OBV (On-Balance Volume): Stable but slightly declining, signaling moderate buying pressure.

Trading Insights for Scalpers & Day Traders:

✅ Key Observations:

1. Trend Analysis: The price is consolidating within a tight range, a possible precursor to a breakout.

2. RSI Status: Near neutral, suggesting limited immediate momentum but a higher likelihood of upward moves if buyers step in.

3. Volume: Healthy trading volume; indicates active participation and liquidity.

📈 Recommendations:

Entry Point: $0.00002100 (if retracement occurs for safer entry).

Target Price: $0.00002250 (next resistance level based on 24h high).

Stop-Loss: $0.00002025 (below recent low).

Exit Point: Near $0.00002250 or on signs of reversal in candlestick patterns.

Scalping Tips:

Use 15-minute intervals to watch for bullish candles forming above the Bollinger median.

If RSI crosses 50 upward, expect short-term momentum to strengthen.

💡 For New Users:

Risk Level: Medium.

Consider investing only what you can afford to lose.

Strategy: Use Dollar Cost Averaging (DCA) if unsure of timing entries.

📊 Prediction:

Near-term target: $0.00002250 (bullish breakout scenario).

If momentum slows, a retest of $0.00002080 is possible before further gains.

📢 Buy, Hold, or Sell?

Buy: If price holds above $0.00002100 with volume confirmation.

Hold: If already invested; monitor RSI and volume closely.

Sell: On a breakdown below $0.00002025.

⚠️Disclaimer:

Crypto trading is highly volatile. This analysis is for informational purposes only and not financial advice. Always conduct your own research and trade responsibly.