PEPE: The price is showing signs of a slight recovery from the support area of 0.00001746, with fairly good short-term upward momentum. However, nearby resistance levels need to be monitored to determine the next trend.

1. Price Trend

4-hour frame (4H): The current price is at 0.00001864, up 6.51% in the last 24 hours. After dropping from the peak of 0.00002836, the price found support at 0.00001441 and is recovering. Bollinger Bands are narrowing, signaling a potential breakout. RSI is at 70.27, indicating a strong upward trend but is close to the overbought area.

15-minute frame (15M): The price is fluctuating above the middle band of the Bollinger Bands (0.00001834) and approaching the upper band (0.00001869). RSI is at 73.27, in the overbought area, suggesting the likelihood of a short-term correction.

2. Entry Points

Buy Point (Long): Wait for the price to correct to the range of 0.00001830 - 0.00001840 (middle band of Bollinger Bands) with confirmation signals for an upward move.

Sell Point (Short): If the price does not exceed 0.00001880, consider opening a short position.

3. Take Profit Levels

Buy Order: Take profit at 0.00001900 - 0.00001910 (near resistance).

Sell Order: Take profit at 0.00001770 - 0.00001780 (near support).

4. Stop Loss

Buy Order: Stop loss below 0.00001800 (breaking below near support).

Sell Order: Stop loss above 0.00001910 (breaking above near resistance).

5. Overall Strategy

The price is showing signs of recovery in the short term but important resistance areas need to be monitored. Prioritize trading based on signals at clear support or resistance levels.

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