[PEPE] Clinton Daily Analysis June 3

24-hour trend [Sideways]

[Buy and sell points]

Buy point 1: 0.00001400 USDT (close to the previous low, and there is support at the integer level)

Buy point 2: 0.00001350 USDT (further down to a stronger support level, and close to EMA30)

Long stop loss point: 0.00001320 USDT (a reasonable stop loss position below buy point 2 to avoid excessive losses)

Sell point 1: 0. 00001550 USDT (close to the recent high, with obvious selling pressure)

Selling point 2: 0.00001600 USDT (new pressure range may be encountered after breaking through the previous high)

Short stop loss point: 0.00001650 USDT (reasonable stop loss position above selling point 2 to prevent the market from continuing to rise)

[Price trend analysis]

K-line pattern:

The recent K-line shows that the price fluctuates between 0.00001400 and 0.00001671, showing an overall oscillating upward trend. A long positive line appeared on May 31, 2024, and there were signs of a correction in the following days, but the overall level remained high.

Technical indicators:

MACD: Both DIF and DEA are positive and close to the zero axis, indicating that the market is in a bull market, but the MACD histogram is gradually shortening, and we need to be alert to possible adjustments.

RSI: The RSI14 value fluctuates between 60-77, and is currently 61.53. It has just fallen from the overbought range, and there is a certain correction pressure.

EMA: EMA7 (0.00001485) > EMA30 (0.00001248) > EMA120 (0.00000795), the moving average is in a bullish arrangement, supporting the current upward trend. Pay attention to the support role near EMA7.

Trading volume:

The trading volume on June 03, 2024 was 23640039287973, which was lower than the previous few days, indicating that the upward momentum was weakened. The trading volume increased significantly from May 30 to June 01, 2024, accompanied by violent price fluctuations, indicating that the funds were highly active.