$PEPE USDT Potential Trade Signal ✅📊
Considering the current indicators:
Potential Sell Signal:
Given the high RSI value near 80, this may be a sign that the price is overextended, and a correction could be imminent.
Entry: Consider entering a short position around the resistance area (0.00002150 - 0.00002200).
Stop Loss: A stop loss can be placed above 0.00002300 to protect against further upward movement.
Take Profit: Potential take-profit targets could be set around 0.00002000 (near recent support) and 0.00001900 if the selling pressure increases.
Alternative (Breakout Scenario):
If the price breaks above 0.00002200 with strong volume, consider a long position targeting 0.00002340 and above, but monitor for signs of weakening momentum.
Note: High RSI values typically indicate overbought conditions, so be cautious with long entries at this level unless a breakout is confirmed with strong volume.