Technical Analysis and Trade Signal for $PEPE /USDT

Current Price: 0.00001790 USDT

Trend: Bearish correction with signs of consolidation near support levels.

Key Levels:

Support: 0.00001745 (24h Low)

Resistance: 0.00001900 (24h High)

Indicators Analysis:

1. Moving Averages (MA):

Price is trading below the 50 EMA on the 15-minute chart, indicating short-term bearish momentum.

The 200 EMA aligns with the resistance zone, showing potential rejection if the price moves upward.

2. Relative Strength Index (RSI):

RSI is at 41, suggesting neutral to slightly oversold conditions. A bounce may occur if the RSI enters the oversold zone.

3. Volume Profile:

Decreasing trading volume hints at weakening selling pressure, potentially signaling a reversal.

4. Fibonacci Retracement Levels:

23.6% (0.00001780) and 38.2% (0.00001810) are key retracement levels for upward movement.

Trade Signal:

Entry Zone:

Aggressive Entry: 0.00001780 (near support)

Conservative Entry: 0.00001745 (after confirmation of reversal)

Target Levels 🎯:

1. Target 1: 0.00001820

2. Target 2: 0.00001870

3. Target 3: 0.00001900

Stop-Loss:

0.00001720 (below key support to minimize risk).

Trade Momentum:

If RSI moves above 50, expect bullish momentum towards Target 1.

Breakout above 0.00001850 with strong volume can push the price to Target 2 and Target 3.

Failure to hold 0.00001745 may trigger further downside, so caution is advised.

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