While major coins are experiencing a downturn, $PEPE is showing a notable uptick. Is this a potential trap? đ€
Currently trading at 0.00001142 USDT, $PEPE has a 24-hour volume of 32.17T PEPE and 360.88M USDT. The price has fluctuated between 0.00001079 and 0.00001166 USDT over the last day. The Relative Strength Index (RSI) is at 87.84, indicating overbought conditions, so caution is advised.
Entry Strategy:
Consider waiting for a pullback to around 0.00001079 for a re-entry.
Target Profit (TP):
Aim for 0.00001324 based on recent highs.
Stop Loss (SL):
Set around 0.00001000 to manage risk.
Always stay updated on market trends and news catalysts, as these can significantly impact short-term momentum.
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