Technical analysis of $PEPE coin? With a plan to enter with one dollar!
1. General trend:
The current trend tends to decline after a failed upward attempt, as we notice the intersection of the moving averages (MA7 and MA25) in a downward direction.
The RSI indicator shows a low reading at 29.67, which means that the coin may be in an oversold state, which indicates an opportunity for a rebound.
2. Other indicators:
MACD indicator: shows negative signals (DIF and DEA are below zero), which confirms the continuation of the downward momentum.
StochRSI indicator: A low reading at 11.39 indicates a possible rebound near the support level.
3. Support and resistance levels:
Strong support: 0.00001620.
Strong resistance: 0.00001850.
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Entry Plan
1. Entry: at the support area 0.00001620.
2. Take Profit:
First Target: 0.00001765 (current resistance).
Second Target (optional): 0.00001850.
3. Stop Loss:
At 0.00001550 (below the support level to avoid further losses).
Additional Notes
Monitor the trading volume; if it increases at the support, this increases the possibility of a rebound.
Update the plan continuously based on the market movement.
Entry step, whether buying or selling, is your personal responsibility