Analysis Report: $PEPE /USDT 4-Hour Chart

Current Price Action

Price: 0.00001815

Change: +3.95%

The recent recovery indicates bullish momentum after hitting a recent low of 0.00001441. The resistance at 0.00002000 seems to have put downward pressure, leading to a consolidation phase.

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Key Levels for Long and Short Trades

Long Trade Setup

Entry Level: 0.00001820 (upon a confirmed breakout above resistance)

Targets:

1. Target 1: 0.00002000

2. Target 2: 0.00002200

3. Target 3: 0.00002600 (medium-term target)

Stop Loss: 0.00001750 (below current support)

Short Trade Setup

Entry Level: 0.00001800 (if rejected at resistance)

Targets:

1. Target 1: 0.00001600

2. Target 2: 0.00001450 (key recent low)

Stop Loss: 0.00001900 (above resistance zone)

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Prediction and Technical Indicators

1. Bullish Scenario:

If the price breaks above 0.00002000 with strong volume, we might see a rally towards 0.00002600 in the medium term. Indicators suggest increasing buying pressure.

2. Bearish Scenario:

A rejection from 0.00001850–0.00002000 could push the price down to retest 0.00001600 and possibly 0.00001450 if selling intensifies.

3. Momentum and RSI:

The RSI shows a mild recovery from oversold conditions, but the market needs confirmation of momentum for a sustained trend.

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Trading Strategy and Risk Management

Partial Profits: Secure profits at each target level and adjust stop losses to breakeven.

Risk-to-Reward Ratio: Ensure a minimum of 1:2 for all trades to manage risk effectively.

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