#PEPEโ€ : Technical Analysis (4-Hour Timeframe)

๐Ÿ“ Current Price: 0.00002061

๐Ÿ“ˆ Overall Trend: Sideways, with signs of recovery after a local low.

Support Levels:

๐ŸŸข 0.00002000 โ€” nearest support level.

๐ŸŸข 0.00001667 โ€” strong level where the previous recovery started.

Resistance Levels:

๐Ÿ”ด 0.00002295 โ€” local high.

๐Ÿ”ด 0.00002836 โ€” key resistance that has not been broken previously.

Recommendations: Entry Points

1๏ธโƒฃ Breakout at 0.00002295 โ€” Enter when price consolidates above this level, confirming an upward movement.

2๏ธโƒฃ Pullback to 0.00002000 โ€” Safe entry for a short-term position.

3๏ธโƒฃ At 0.00001667 โ€” Long-term entry if the price recovers from this key support.

4๏ธโƒฃ Return to 0.00002836 โ€” Enter when the price starts testing this strong resistance.

Profit-Taking Levels

1๏ธโƒฃ At 0.00002295 โ€” First resistance; secure 25% of the position.

2๏ธโƒฃ At 0.00002836 โ€” Key resistance; secure 50% of the position.

3๏ธโƒฃ At 0.00003000 โ€” Final profit-taking if the trend continues.

4๏ธโƒฃ At 0.00003200 โ€” If thereโ€™s a sharp rally, close the remaining position.

Risks:

โš ๏ธ A breakdown below 0.00002000 may indicate a shift to a bearish trend.

โš ๏ธ Growth without significant volume might signal a false breakout.

โš ๏ธ A drop below 0.00001667 requires reassessment and potential loss mitigation.

๐Ÿ“Š Keep an eye on volume and price reactions at key levels!

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