🚀 PEPE/USDT Trading Analysis 🚀
📈 Technical Overview:
Current Price: 0.00000845 USDT
24-Hour Change: 0.82%
1-Week Trend: Neutral
1-Month Trend: Neutral
🔍 Key Observations:
1. Symmetrical Triangle Breakout:
Price broke out of a symmetrical triangle pattern, signaling potential volatility.
Confirmation needed for the new trend direction.
2. Range Formation:
PEPE is consolidating within a range or rectangle.
Watch for price movements within this zone.
3. Support and Resistance Levels:
Resistance: Around 0.00001725 USDT (marked in red).
Recent rejection suggests selling pressure.
Support: Key levels for potential reversals.
📊 Technical Indicators:
Moving Averages: Neutral
Oscillators: Sell signal
Ichimoku Cloud: Further analysis required
💡 Entry Strategy:
Buy Entry: Wait for a confirmed breakout above resistance (0.00001725 USDT).
Stop Loss: Set below the recent swing low (around 0.00000820 USDT).
Target:Aim for the next resistance level (e.g., 0.00002000 USDT).
🔔 Previous Values:
24-Hour High: 0.00000871 USDT
24-Hour Low: 0.00000827 USDT
Remember, trading involves risk. Always do thorough research and consider market conditions. Happy trading! 🌟
If you need any further details ask me I will guide you properly ☺️❤️
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