๐๐1. $PEPE Long Position (Buy) ๐Entry Point: Above 0.00001950 ๐Reasoning: If the price breaks and holds above the middle Bollinger Band (0.00001950) with increased buying volume, it could signal bullish momentum, suggesting a potential long entry. ๐จResistance Levels: ๐ฅFirst Resistance: 0.00002244 (Upper Bollinger Band and 24-hour high) โ A key level to watch, as it could act as the first major resistance.
๐ฅSecond Resistance: 0.00002500 โ Psychological level and potential next resistance if momentum continues. ๐ธ๐ธStop Loss: Below 0.00001750 (Lower Bollinger Band) ๐ฏ๐ฏTake Profit: Target around 0.00002200 - 0.00002244 for a safer exit, or 0.00002500 if momentum is strong. ๐2. Short Position (Sell)
๐๐Entry Point: Below 0.00001750
Reasoning: A breakdown below the lower Bollinger Band (0.00001750) with increased selling pressure could indicate bearish sentiment, providing a short opportunity.
๐Support Levels:
๐ธFirst Support: 0.00001500 โ Potential support level based on historical price zones.
๐ธSecond Support: 0.00001249 (24-hour low) โ A critical support level if the price continues downward. ๐Stop Loss: Above 0.00001950 (Middle Bollinger Band) ๐ฏTake Profit: Target around 0.00001500 initially, with a potential extension to 0.00001250 if the price continues to drop Summary ๐จ๐จLong Position: Enter above 0.00001950, take profit around 0.00002200 - 0.00002500 and a stop loss below 0.00001750. ๐จ๐จShort Position: Enter below 0.00001750, with a take profit around 0.00001500 - 0.00001250 and a stop loss above 0.00001950. These levels provide a balanced risk-to-reward setup based on the current trend and indicators. $PEPE buy now
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