$PEPE Crypto Trading Strategies for PEPE/USDT

Analyse the chart and suggest me future trading strategies with numbers in 200 words

Based on the chart for PEPE/USDT:

The price is currently at 0.00001102, down 3.84% in the last 24 hours. The 24-hour trading range is between 0.00001087 and 0.00001227.

The chart shows a recent sharp decline after a price spike. Current price is below all moving averages (MA(99), EMA(7), EMA(25)), indicating a bearish trend in the short term.

The RSI(6) is at 22.75, suggesting oversold conditions. This could present a potential buying opportunity if you anticipate a bounce.

MACD is negative (-0.00000009), confirming the bearish momentum.

Trading strategies to consider:

Wait for RSI to move above 30 and MACD to show signs of reversal before entering a long position. Set a tight stop loss below the recent low of 0.00001087.

If bearish trend continues, consider short positions with targets at support levels around 0.00001050 and 0.00001000.

Use the recent high of 0.00001227 as a key resistance level. A break above this could signal a trend reversal.

Consider using a moving average crossover strategy. Enter long when shorter-term EMA(7) crosses above EMA(25).

Given the high volatility, use small position sizes and strict risk management.

Remember, cryptocurrencies are highly volatile. Always conduct thorough research and manage your risk carefully.