The chart shows the performance of the $PEPE /USDT trading pair on Binance with a current price of $0.00001737, reflecting a 4.98% drop in the past 24 hours. The 24-hour range spans between $0.00001701 and $0.00001862, indicating moderate volatility.

Analysis & Strategy

1. Trend Observation: The asset is experiencing a downtrend in the short term (30-minute chart). However, the 90-day and 1-year gains suggest bullish potential in the long term.

2. Entry Points:

Long Entry: If the price bounces back near the $0.00001701 support level with confirmation from green candles and increased volume.

Short Entry: If the price breaks below $0.00001700, indicating bearish continuation.

3. Stop Loss Levels:

Long Stop Loss: Set at $0.00001690, just below the nearest support.

Short Stop Loss: Place at $0.00001750, above recent resistance.

4. Target Levels:

Long Target: Aim for $0.00001850 (near recent highs).

Short Target: Look for $0.00001650, aligning with a lower support zone.

Caution

Use proper risk management, allocating no more than 2-3% of your portfolio per trade. Watch for confirmation signals like volume spikes and candle patterns before entering. Always adapt to market conditions.

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