1. Price trend:
- The current price is 0.00001608 USDT, down about 2.78% in 24 hours.
- The price action in recent days shows a clear upward trend, but is currently in a small correction phase.
2. Technical indicators:
- Relative Strength Index (RSI): The 6-day RSI is 86.18, the 12-day RSI is 78.53, and the 24-day RSI is 73.82, indicating an overbought condition, which suggests that the market may have correction pressure.
- Moving Average (MA): The short-term MA (7, 25) shows that the price is still in an upward trend, but we need to be wary of short-term pullbacks.
- Moving Average Convergence Divergence (MACD): DIF is 0.00000221 and DEA is 0.00000148, indicating a buy signal.
- Volume (VOL): The recent increase in volume indicates an active market with significant capital inflows.
- Stochastic Oscillator (KD): K value is 83.95 and D value is 78.97, indicating that it is in the overbought area.
1. Short-term strategy:
- As the RSI and KD indicators show overbought, there may be a pullback pressure in the short term. You can consider opening positions in batches when the price pulls back to the support level (such as around 0.00001206 USDT).
- If the price breaks through the previous high of 0.00001725 USDT, you can consider chasing the rise, but you need to set a stop loss. The recommended stop loss is around 0.00001500 USDT.
2. Medium and long-term strategies:
- As trading volume increases and market sentiment is relatively positive, you can consider gradually building positions during pullbacks to diversify risks.
- Pay attention to changes in market sentiment and major news. If there is good news, you can increase your position.
3. Risk Control:
- Set a stop loss to avoid losses caused by a sharp pullback. The recommended short-term stop loss is 0.00001500 USDT, and the medium- and long-term stop loss is 0.00001200 USDT.
- Control the holding ratio within 20%-30% of total funds to avoid excessive concentration in a single asset.
Summarize
Overall, PEPE/USDT has a clear upward trend recently, but there may be a pullback pressure in the short term. It is recommended to open positions in batches during the pullback, and set stop loss to control risks. In the medium and long term, you can gradually increase your positions, pay attention to market dynamics and changes in trading volume, and flexibly adjust your strategy.
