Analysis Report: $PEPE /USDT 4-Hour Chart
Current Price Action
Price: 0.00001815
Change: +3.95%
The recent recovery indicates bullish momentum after hitting a recent low of 0.00001441. The resistance at 0.00002000 seems to have put downward pressure, leading to a consolidation phase.
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Key Levels for Long and Short Trades
Long Trade Setup
Entry Level: 0.00001820 (upon a confirmed breakout above resistance)
Targets:
1. Target 1: 0.00002000
2. Target 2: 0.00002200
3. Target 3: 0.00002600 (medium-term target)
Stop Loss: 0.00001750 (below current support)
Short Trade Setup
Entry Level: 0.00001800 (if rejected at resistance)
Targets:
1. Target 1: 0.00001600
2. Target 2: 0.00001450 (key recent low)
Stop Loss: 0.00001900 (above resistance zone)
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Prediction and Technical Indicators
1. Bullish Scenario:
If the price breaks above 0.00002000 with strong volume, we might see a rally towards 0.00002600 in the medium term. Indicators suggest increasing buying pressure.
2. Bearish Scenario:
A rejection from 0.00001850โ0.00002000 could push the price down to retest 0.00001600 and possibly 0.00001450 if selling intensifies.
3. Momentum and RSI:
The RSI shows a mild recovery from oversold conditions, but the market needs confirmation of momentum for a sustained trend.
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Trading Strategy and Risk Management
Partial Profits: Secure profits at each target level and adjust stop losses to breakeven.
Risk-to-Reward Ratio: Ensure a minimum of 1:2 for all trades to manage risk effectively.
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