Analysis Report for $PEPE /USDT (1H):🔥💯
The chart shows a consolidation pattern with sharp rebounds from support near 0.00001750 and resistance at 0.00001890. Current price action indicates a potential bullish reversal due to the strong recovery after the recent dip.
Long Entry Level:
Buy above 0.00001830 for a breakout confirmation.
Target Levels:
• Target 1: 0.00001890
• Target 2: 0.00001950
Stop Loss:
Set a stop loss at 0.00001780 to manage risk.
Market Outlook:
A bullish breakout is likely if volume increases near 0.00001830. If rejection occurs, expect a bearish retest of 0.00001750. Watch for patterns like higher highs/lows for trend confirmation.
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