#PEPE Neutral with a slight upward bias
Technical Analysis:
1. Indicators used:
RSI (Relative Strength Index): It is at 46, which means that it is currently in a neutral zone, and there is no overbought or oversold.
Bollinger Bands: The price is approaching the middle line (MB), indicating a balance between buying and selling pressure.
Stoch RSI: It shows some weakness with a downward bias, which may mean a slight correction.
MACD: It shows a weakness in momentum as the lines approach the zero point.
2. Volume:
It shows a decrease in trading volumes, which indicates a possible decrease in the current momentum.
3. General trend:
The short-term trend looks positive, but it needs confirmation by holding above nearby resistance levels.
---
Support and Resistance Levels:
Major Support: 0.00001741
Strong Resistance: 0.00002191
---
Recommendations:
1. If you already own the trade:
Place a stop loss below the support level at 0.00001740.
Take profit at the nearby resistance (0.00002191).
2. If you plan to enter:
Wait for confirmation of the resistance break at 0.00001950 with high momentum.
Avoid entering if the momentum continues to weaken.
3. Short-term strategy:
Buy if there is a strong bounce from the support.
Partially sell at the resistance of 0.00002191 to make profits.