#PEPE
4-hour timeframe
Based on the updated data, we note the following points for a deeper analysis of the PEPE/USDT pair:
Current situation:
1. Current price: 0.00001747 (-10.69%).
2. RSI (Relative Strength Index): 45.3, which indicates moderate momentum, but not in the oversold (below 30) or overbought (above 70) zone.
3. KDJ:
K: 37.50
D: 48.28
A decrease in K from D indicates the possibility of a continuation of the bearish momentum in the short term.
4. Bollinger Bands:
Minimum: 0.00001534 (strong support).
Average: 0.00001764.
Upper: 0.00001995 (strong resistance).
Notes:
Price action is between support at 0.00001534 and resistance at 0.00001995.
MACD: The chart continues in the negative zone with the signal lines diverging, indicating a bearish momentum.
Recommendations:
Buying opportunities:
If the price drops to 0.00001534 or close to the lower Bollinger Band.
Wait for RSI confirmation at levels below 30 for a safe buy.
Selling opportunities:
When the price reaches 0.00001950-0.00001995 (the upper resistance).
Risk management:
Place a stop loss at 0.00001500 to reduce risk.
Short-term profit target at 0.00001850 and 0.00001950.
Note:
Volatility is expected to continue, so it is recommended to closely monitor price action and indicators (RSI and MACD) for clear entry and exit points.