🚀 $PEPE /USDT Short-Term Trade Analysis – November 2024 🚀
Current Price: $0.00002073
Market Sentiment: Neutral with a slight bearish tendency (-0.10%)
Technical Overview:
24h High/Low: $0.00002277 / $0.00002067
MACD: Indicating bearish crossover, signaling potential short-term downside.
RSI: Neutral zone, hovering near 50 – no strong overbought/oversold signals.
EMA: Price holding below the 50 EMA, indicating downward momentum.
Short-Term Strategy:
PEPE is consolidating near support at $0.00002067. A breakdown could signal a short trade opportunity. If resistance at $0.00002200 holds, traders can aim for the following 3 targets:
1. Target 1: $0.00002050 (Minor support zone)
2. Target 2: $0.00001980 (Key support level)
3. Target 3: $0.00001920 (Final support before major reversal zone)
Stop-Loss: $0.00002230 to manage risk effectively.
Disclaimer: This is not financial advice. Trade carefully and manage your risk based on your strategy and portfolio.