$PEPE /USDT has been experiencing a strong upward trend on the 1-hour chart, with the price currently hovering around 0.00001877. The Relative Strength Index (RSI) is currently at 77.37, indicating overbought conditions. However, the recent price action suggests potential for further upside.
Entry:
* Long Entry: Consider a long entry around the current price of 0.00001877.
Key Levels:
* Resistance: 0.00001890
* Support: 0.00001804
Take-Profit Targets:
* Target 1: 0.00001999
* Target 2: 0.00001972
* Target 3: 0.00001877
Stop Loss:
* Stop Loss: Place a stop loss below the recent swing low at 0.00001609.
Caution:
* Overbought Conditions: The RSI being overbought suggests that the price may be due for a correction or consolidation phase.
* Watch for Stability: Monitor the price action for signs of stability or a potential breakout from the current resistance level.
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