$PEPE /USDT Price Action: Short-Term Trading Opportunities
Currently trading at $0.00001941, PEPE/USDT presents an intriguing setup for short-term traders on the 15-minute chart. If the price confirms a breakout above $0.00001950, a long position could be considered. The profit-taking targets for this setup are close and achievable, with TP1 at $0.00001960, TP2 at $0.00001970, and TP3 at $0.00001980. To manage risk effectively, a stop-loss should be placed at $0.00001920.
On the flip side, a short position might be favorable if the price breaks below $0.00001920, targeting TP1 at $0.00001910, TP2 at $0.00001900, and TP3 at $0.00001890, with a stop-loss at $0.00001950. The RSI indicator hovering near 36 suggests slight bearish momentum, but the overall trend is neutral. Traders should closely monitor for breakouts or breakdowns before committing to a position and exercise tight risk management.