PEPE: Funding flow weakens, short-term trading opportunities emerge!
The trend is volatile, can the bulls hold the key support?
Market Analysis
PEPE price has retraced to $0.00001766, showing an overall downward trend. Current buying power is slightly weak, and close attention should be paid to short-term support and volume changes. In the short term, it may primarily consolidate within a range.
Support and Resistance
• Support levels: $0.00001700, $0.00001570, $0.00001440
• Resistance levels: $0.00001830, $0.00002130, $0.00002240
Short-term Trading Strategy
1. Long Position Plan
• Entry: $0.00001700
• Add Position: $0.00001570
• Stop Loss: below $0.00001440
• Take Profit: $0.00001830, $0.00002130, $0.00002240
2. Short Position Plan
• Entry: $0.00001830
• Add Position: $0.00002130
• Stop Loss: above $0.00002240
• Take Profit: $0.00001700, $0.00001570, $0.00001440
My Prediction
PEPE price may continue to test the $0.00001700 support range in the short term, but there is a demand for a rebound, and attempts can be made to gradually build long positions. If it breaks the support with increased volume, caution should be taken to guard against further pullback risks.
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