#PEPE : Technical Analysis (4-Hour Timeframe)
📍 Current Price: 0.00002061
📈 Overall Trend: Sideways, with signs of recovery after a local low.
Support Levels:
🟢 0.00002000 — nearest support level.
🟢 0.00001667 — strong level where the previous recovery started.
Resistance Levels:
🔴 0.00002295 — local high.
🔴 0.00002836 — key resistance that has not been broken previously.
Recommendations: Entry Points
1️⃣ Breakout at 0.00002295 — Enter when price consolidates above this level, confirming an upward movement.
2️⃣ Pullback to 0.00002000 — Safe entry for a short-term position.
3️⃣ At 0.00001667 — Long-term entry if the price recovers from this key support.
4️⃣ Return to 0.00002836 — Enter when the price starts testing this strong resistance.
Profit-Taking Levels
1️⃣ At 0.00002295 — First resistance; secure 25% of the position.
2️⃣ At 0.00002836 — Key resistance; secure 50% of the position.
3️⃣ At 0.00003000 — Final profit-taking if the trend continues.
4️⃣ At 0.00003200 — If there’s a sharp rally, close the remaining position.
Risks:
⚠️ A breakdown below 0.00002000 may indicate a shift to a bearish trend.
⚠️ Growth without significant volume might signal a false breakout.
⚠️ A drop below 0.00001667 requires reassessment and potential loss mitigation.
📊 Keep an eye on volume and price reactions at key levels!
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