🚨 PEPE/USDT: Bearish Momentum Ahead? 🚨
The latest chart shows significant price action. Here’s a detailed analysis:
Key Observations:
Price Levels:
mVAH (High): 0.00001304
POC: 0.00001250
mVAL (Low): 0.00001063
Current Price: Below the POC, trending towards mVAL.
RSI: Dropping, indicating potential oversold conditions.
Analysis:
Bearish Momentum: Price is breaking below key support, signaling a downtrend.
Volume Profile: Strong resistance near POC, suggesting selling pressure.
Support Zone: Watch for potential support at mVAL (0.00001063).
Strategy:
Short-term Traders: Look for short opportunities until reversal signals appear.
Long-term Holders: Monitor RSI for a bounce from oversold levels.
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