PEPE: Bearish pressure, seeking a breakthrough opportunity!
Market Analysis
PEPE has been declining continuously, and market sentiment is extremely low. Bears are continuously exerting pressure, and the strength of bulls has been severely weakened. There is a risk of further downward movement at this stage.
Support and Resistance Levels
• Support Levels: $0.00001750, $0.00001700, $0.00001650
• Resistance Levels: $0.00001950, $0.00002000, $0.00002100
Short-term Trading Strategy
Long Strategy (Bullish):
• Entry Point: $0.00001800
• Add Position Point: $0.00001750
• Stop Loss Point: $0.00001640
• Take Profit Targets: $0.00001950, $0.00002000, $0.00002100
Short Strategy (Bearish):
• Entry Point: $0.00001950
• Add Position Point: $0.00002000
• Stop Loss Point: $0.00002110
• Take Profit Targets: $0.00001800, $0.00001750, $0.00001700
My Prediction
From the current trend, bears still dominate in the short term for PEPE. It is recommended to focus on short strategies and watch if $0.00001950 can be effectively broken.
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