$PEPE /USDT Analysis: Strong Support with Bullish Rebound Potential!

Current Price: 0.00002331 (-0.25%)

Key Levels:

1. Support: Strong support at 0.00002350.

2. Resistance:

Short-term resistance: 0.00002400

Major resistance: 0.00002472

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Long Entry Strategy:

Entry Zone: Buy between 0.00002330ā€“0.00002360 for a potential rebound.

Targets:

Short-term: 0.00002400

Long-term: 0.00002470

Stop Loss: Place stop loss at 0.00002320 to minimize risk.

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Technical Analysis:

The chart indicates a Bullish Flag Pattern, with consolidation in a key zone (orange area). This pattern often precedes an upward breakout.

If bulls sustain support near 0.00002350, we can anticipate a rally toward 0.00002472.

A failure to hold support could lead to a minor retracement before regaining bullish momentum.

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Market Outlook:

The overall sentiment remains bullish as long as support at 0.00002350 holds.

Watch for a volume breakout above 0.00002400 for confirmation of further upside.

Note: Stay cautious and adjust strategies based on market volatility.

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