đ PEPE: Yet Another Target Hit! What's Next? đ đ
$PEPE has hit a new high of 0.00001104, smashing through yet another target! đŻ Now trading around 0.00001063, PEPEâs momentum seems unstoppable. But is this rally sustainable, or should you start planning your next move? Letâs break it down! đĄ
đ Chart Overview:
Moving Averages: PEPE remains comfortably above both the EMA(50) and EMA(200), confirming that the bullish trend is still intact. As long as the price stays above these lines, the bulls have control! đ
MACD: The MACD line is still above the signal line, showing bullish momentum, but itâs flattening out a bit, which could indicate that momentum is slowing. Keep an eye out for a potential bearish crossover! đ
RSI: The RSI is at 60.80, showing that PEPE is no longer in overbought territory but still has room to continue the uptrend. However, any drop below 60 might signal a weakening momentum. â ïž
đŻ Recommended Entry & Exit Points:
Entry Point:
0.00001040: This level has shown solid support during the recent rally. If PEPE pulls back to this level and finds strength, it could be an excellent entry point for another leg up! đ ïž
Take Profit (Exit Point):
0.00001120: This level is the next key resistance and would be a logical point to take some profits. For those with a higher risk appetite, aim for 0.00001150 if the momentum continues! đ°
Stop Loss:
0.00001000: Setting a stop loss here ensures you protect your profits in case of a sudden pullback, as this level aligns with recent support. đ
Conclusion:
PEPE is displaying strong bullish signs, but with the MACD showing potential slowing and the RSI nearing resistance, caution is advised. Watch 0.00001040 for a potential re-entry and monitor momentum indicators closely! đ
đŹ Are you holding for more gains, or are you taking profits here? Let us know! đ„