📉 Current Price: $0.00002001 (-0.15%)
📈 Perpetual Price: $0.0200095 (-0.08%)
📊 Technical Analysis:
PEPE continues its upward trajectory within an ascending channel on the 4H chart, presenting a potential Fair Value Gap (FVG) fill opportunity on the 1D timeframe.
Key Levels:
Support Zone: $0.000018 - $0.000019
Resistance Zone: $0.000026
Target: $0.000032 (+80.30% potential gain)
Technical Observations:
1. Ascending Channel: Consistent upward movement with strong support since November.
2. FVG on 1D: Price is consolidating near the channel’s support, signaling a potential move higher.
3. SMA Support: Dynamic support provided by moving averages.
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💡 Trade Setup:
Entry Zone: $0.000017 - $0.000019
Targets:
🎯 Target 1: $0.000026
🎯 Target 2: $0.000032
Stop Loss: Tight stop loss below channel support.
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⚠️ Risk Management:
Confirm breakout above $0.000026 with strong volume for safer entries.
Maintain small position sizes due to high volatility.
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🚀 Key Insights:
A break above $0.000026 could trigger a rapid move to the target zone.
Consolidation near channel support suggests accumulation.
🔑 Pro Tip:
Watch for volume spikes at key levels to confirm momentum. Adjust stop loss as the price moves in your favor.
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