🚨 $PEPE /USDT UPDATE: Under Pressure 🚨

$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.

🎯 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.

📊 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

📈 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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