Based on the provided chart of $PEPE /USDT on the 30-minute timeframe, the current price is 0.00001807, showing a recent recovery after a decline. Here is the analysis:

1. Trend Observation: The chart indicates a short-term consolidation phase following a prior downward trend. Buyers have stepped in near a support level, causing a slight upward movement.

2. Entry for Long: If the price closes above 0.00001825 with strong volume, it could signal a bullish breakout. Enter long at 0.00001830 with a stop loss at 0.00001785. The initial target would be 0.00001875, with an extended target at 0.00001900.

3. Entry for Short: If the price breaks below 0.00001780, it could continue the bearish trend. Enter short at 0.00001775 with a stop loss at 0.00001820. The first target would be 0.00001740, followed by 0.00001710.

4. Indicators Support: Confirm your decision using volume analysis and RSI. A bearish divergence or overbought RSI could confirm the short position, while bullish divergence supports a long entry.

5. Risk Management: Ensure position size aligns with your risk tolerance, keeping losses under 2% of capital.

Stay patient and act only upon confirmation to avoid false signals.

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