[PEPE] Clinton Daily Analysis July 3 $PEPE
24-hour trend [down]
[Buy and sell points]
Buy point 1: 0.00001000 USDT (integer support, close to the previous low)
Buy point 2: 0.00000950 USDT (further down to a stronger support level, close to EMA120)
Buy stop loss point: 0.00000920 USDT (30 basis points below buy point 2, to avoid excessive retracement)
Sell point 1: 0. 00001100 USDT (integer pressure, close to the recent high)
Sell point 2: 0.00001150 USDT (further upward to a stronger pressure level, close to EMA7 and EMA30)
Short stop loss point: 0.00001180 USDT (30 basis points above sell point 2, to avoid excessive retracement)
[Price trend analysis]
K-line pattern:
The recent K-line shows a volatile downward trend, and the price gradually falls from 0.00001285 to 0.00001032. There are many long upper shadows and negative lines, indicating that the upper selling pressure is heavy.
Technical indicators:
MACD: Both DIF and DEA are below the zero axis, and the MACD histogram is negative, indicating that the short-selling force is dominant. RSI: RSI14 is currently at 39.75, close to the oversold zone, but has not fully entered, and there may be a rebound demand in the short term. EMA: The current price is below EMA7, EMA30 and EMA120, indicating that the overall trend is bearish. EMA7 (0.00001130) and EMA30 (0.00001184) formed a dead cross, further confirming the downward trend.
Volume:
The volume has increased in recent days, especially the surge on June 25, 2024 was accompanied by high volume, followed by a correction. The current volume is relatively stable, but it remains at a high level, indicating that the market is highly active.