🚨$PEPE /USDT Technical Analysis🚨

📊The $PEPE /USDT pair has displayed a notable uptrend in recent days, with a significant price increase. The current price sits at 0.00001951, indicating a potential bullish momentum. However, the market seems to be consolidating around the 106.00 resistance level.

Potential Long Entry:

🚀 Entry: Consider a long position near 105.23, the recent support level.

🛑 Stop-Loss: A conservative stop-loss can be placed at 104.00 to mitigate potential downside risks.

🎯 Take-Profit: Targets for profit-taking could be set at 107.00 and 108.00, based on the chart's resistance levels.

Potential Short Entry:

🚀 Entry: A short position could be initiated near 107.00, the current resistance level.

🛑 Stop-Loss: A stop-loss can be placed above 108.00 to account for potential bullish breakouts.

🎯 Take-Profit: Targets for profit-taking could be set at 105.23 and 104.00, based on the chart's support levels.

⚠️Disclaimer: This analysis is based on technical indicators and does not constitute financial advice. It is essential to conduct thorough research and consider your risk tolerance before making any investment decisions.

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