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$PEPE Currency Recommendations
Trend Analysis:
Current price: 0.00002736 📈.
The uptrend is clear in the short term, with price action above the major moving averages (MA7, MA25, MA99), indicating strong upward momentum 🔥.
Current resistance is at 0.00002836, which is the recent high 🚧.
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Technical indicators:
1. RSI (Relative Strength Index):
Current RSI value: 71.14 ⚠️, indicating overbought.
The price may face selling pressure soon if the RSI holds above the 70 level for an extended period 📉.
2. MACD:
The DIF and DEA lines are close to zero, indicating that the uptrend is still in its early stages, but needs to be confirmed with stronger momentum 🔄.
3. Stochastic RSI:
Stochastic RSI value: 84.59 ⚠️, which also indicates overbought conditions. There may be a short-term price correction ⏳ $PEPE .
4. Volume:
A significant increase in trading volume 🔊, supporting the current uptrend. This is a positive indicator for the continuation of the movement, provided that it does not drop suddenly 📊.
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Main levels:
Support:
1. 0.00002535 (Initial support close) 🛠️.
2. 0.00002186 (stronger support) 🛡️.
Resistance:
1. 0.00002836 (Current Resistance) 🚧.
2. 0.00003000 (Psychological level) 🔺.
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Possible scenarios:
1. Ascent scenario:
If the price manages to break the resistance at 0.00002836 with stability and strong trading volume, it may head towards the 0.00003000 level or higher 🚀.
2. Landing scenario:
If the price faces strong selling pressure due to overbought conditions, a correction may occur towards the first support at 0.00002535 or the second support at 0.00002186 📉.
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Recommendations:
1. Purchase:
Wait for a correction towards the support area (0.00002535) to enter at a lower price 💰.
Make sure to monitor the trading volume and bullish signals before buying 👀 $PEPE .
2. Sale:
If you already own the coin, consider selling partially when it approaches resistance (0.00002836) or when the RSI crosses the 80 level 💵.
3. Risk Management:
Use stop loss orders when the major support (0.00002186) is broken to avoid big losses 🚨.