đš $PEPE /USDT UPDATE: Under Pressure đš
$PEPE is experiencing selling pressure, trading near its 24h Low of $0.00001804. Meme coins are generally volatile, and the recent dip reflects profit-taking or reduced market confidence.
đŻ Key Levels to Watch:
Resistance:
$0.00002024 (MA25): Crucial short-term level for recovery.
$0.00002430: A significant level indicating bullish strength if surpassed.
Support:
$0.00001922 (MA7): Immediate support.
$0.00001804 (24h Low): Critical to maintain to avoid further decline.
đ Indicators:
Moving Averages: Trading below MA25 but near MA7, indicating short-term uncertainty.
Volume: High with 41.67T PEPE traded, showing significant activity despite the decline.
MACD: Bearish divergence, signaling downside momentum.
⥠Trading Strategy:
Bullish Entry: Above $0.00001950, targeting $0.00002050 and $0.00002400.
Bearish Entry: Below $0.00001800, targeting $0.00001700 and $0.00001550.
Stop Loss:
Longs: $0.00001800
Shorts: $0.00001950
đ Outlook:
PEPE remains speculative. High volume could lead to quick reversals, but sustained weakness below $0.00001804 may push it into a deeper correction.
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