Support and Resistance Analysis $PEPE Important ‼️ With Buy and Sell Recommendations
• There are strong support levels at around 0.0000060, and if the price continues to decline towards this level, we may see significant buying.
• The current resistance is near 0.0000119. Any attempt to break this level may push the price to higher levels.
Strong Recommendations:
• Buy: If the Stochastic RSI rises and a bullish crossover occurs in the MACD indicator, it will be a strong signal to start a new buy. Also, if the price returns to rise above the EMA (7), it may be an opportunity to buy at those levels.
• Sell: If the price continues to decline below the support levels, especially below 0.0000060, it may be better to sell to avoid further losses.
• Monitoring: Waiting and monitoring the moving averages and momentum indicators may be a wise strategy at the moment, while avoiding random entry.
Risk Management Strategy:
• Place a stop loss order below key support levels (0.0000060) to avoid big losses.
• Target take profits at resistance levels 0.0000119 or when new signs of weakness appear.
Conclusion:
The market is currently in an oversold zone with bearish pressures, but there are potential signs of an imminent reversal. It is better to wait for confirmation from other technical indicators before entering strongly.
