PEPE is weakening, beware of downward risks!

Market Analysis:

PEPE has recently been consolidating at high levels, with weak buying pressure in the short term and a noticeable wait-and-see sentiment in the market. The price is hovering near the MA7 moving average, and if there isn't a strong rebound, it may further test support levels downward.

Support and Resistance Levels:

• Support Levels: 0.00000218, 0.00000214, 0.00000207

• Resistance Levels: 0.00000236, 0.00000242, 0.00000250

Short-term Trading Strategy:

Long Strategy:

• Entry Point: 0.00000218

• Add Position Point: 0.00000214

• Stop Loss Point: 0.00000205

• Take Profit Targets: 0.00000236, 0.00000242, 0.00000250

Short Strategy:

• Entry Point: 0.00000236

• Add Position Point: 0.00000242

• Stop Loss Point: 0.00000252

• Take Profit Targets: 0.00000225, 0.00000218, 0.00000214

$PEPE

My Prediction:

The current trend of PEPE is weak, and the market lacks sustained upward momentum. It is expected to continue seeking support downward. It is recommended to short at high levels to capture retracement profits.

【Daily sharing of analyses on mainstream and altcoins for my brothers. You can click on the coin pair tags in the article for trading. Wishing my brothers and sisters abundant profits!】