đ PEPE/USDT - Testing Resistance Within a Consolidation Zone đ
PEPE/USDT is currently trading at $0.00000994, with a 2.05% increase, showing early signs of recovery after recent consolidation. The asset is navigating between support and resistance levels, with a possible breakout scenario if buying pressure sustains.
đ„ Key Observations:
Bullish OBs: Strong buy zones around $0.00000943 - $0.00000941 indicate areas where buyers have shown interest during the pullback.
Overhead Resistance: PEPE is approaching a key resistance zone marked at $0.00001100, near its recent highs.
Trendline Dynamics: The price is following a green upward trendline, maintaining the structure, while the red trendline above represents potential resistance.
đŻ Long Setup:
đ Entry for Long: Look for a breakout above $0.00000994, ideally with strong volume, as confirmation to go long.
đŻ Take Profit Targets for Long:
1. TP1: $0.00001050 â Minor resistance.
2. TP2: $0.00001100 â Retest of previous highs.
3. TP3: $0.00001120 â Extended target if momentum persists.
đĄïž Stop Loss for Long: Place a stop loss below $0.00000941 to protect against sudden volatility.
đ Short Setup (In Case of Rejection):
đ Entry for Short: A rejection from the $0.00000994 - $0.00001000 zone could provide a shorting opportunity.
đŻ Take Profit Targets for Short:
1. TP1: $0.00000943 â Immediate pullback level.
2. TP2: $0.00000902 â Deeper support zone.
3. TP3: $0.00000822 â Stronger support if selling pressure increases.
đĄïž Stop Loss for Short: Set a stop loss just above $0.00001000 to limit potential losses.
đ Market Sentiment: The market is indecisive, with PEPE trading within a range. A breakout above $0.00001100 would likely spark bullish momentum, while rejection could lead to further consolidation or a retracement.
