#PEPEโ : Technical Analysis (4-Hour Timeframe)
๐ Current Price: 0.00002061
๐ Overall Trend: Sideways, with signs of recovery after a local low.
Support Levels:
๐ข 0.00002000 โ nearest support level.
๐ข 0.00001667 โ strong level where the previous recovery started.
Resistance Levels:
๐ด 0.00002295 โ local high.
๐ด 0.00002836 โ key resistance that has not been broken previously.
Recommendations: Entry Points
1๏ธโฃ Breakout at 0.00002295 โ Enter when price consolidates above this level, confirming an upward movement.
2๏ธโฃ Pullback to 0.00002000 โ Safe entry for a short-term position.
3๏ธโฃ At 0.00001667 โ Long-term entry if the price recovers from this key support.
4๏ธโฃ Return to 0.00002836 โ Enter when the price starts testing this strong resistance.
Profit-Taking Levels
1๏ธโฃ At 0.00002295 โ First resistance; secure 25% of the position.
2๏ธโฃ At 0.00002836 โ Key resistance; secure 50% of the position.
3๏ธโฃ At 0.00003000 โ Final profit-taking if the trend continues.
4๏ธโฃ At 0.00003200 โ If thereโs a sharp rally, close the remaining position.
Risks:
โ ๏ธ A breakdown below 0.00002000 may indicate a shift to a bearish trend.
โ ๏ธ Growth without significant volume might signal a false breakout.
โ ๏ธ A drop below 0.00001667 requires reassessment and potential loss mitigation.
๐ Keep an eye on volume and price reactions at key levels!
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