$PEPE
Detailed analysis of the PEPE/USDT 4-hour chart based:š
1. Current Price Trend š
ā¢Current Price: $0.00002001 (+7.23%)
ā¢The price is showing bullish momentum, as indicated by a green candlestick closing above the immediate resistance zone of $0.0000182.
2. Key Support and Resistance Levels šš¢
ā¢Resistance:
ā¢Major resistance at $0.00002836 (previous local high).
ā¢Minor resistance at $0.00002182.
ā¢Support:
ā¢Strong support lies at $0.00001425.
ā¢The lowest wick touches $0.00000771, indicating long-term stability.
3. Indicators Breakdown š
ā¢Volume (VOL):
ā¢Volume is significant at 519.97M USDT, suggesting strong participation.
ā¢Moving Averages (MA):
ā¢Short-term averages are beginning to slope upward, confirming bullish momentum.
ā¢MACD:
ā¢Likely showing a crossover in the bullish zone, indicating an upward push.
ā¢RSI:
ā¢RSI is likely climbing, but it hasnāt yet reached overbought levels, signaling room for further growth.
4. Bullish Signals š
ā¢A breakout from $0.00002182 resistance could lead to an upward surge, targeting $0.00002836 and beyond.
ā¢Green candlesticks with increasing volume suggest buyers are stepping in.
5. Bearish Risks ā ļø
ā¢A drop below $0.00001425 could trigger a deeper correction to $0.00000771.
ā¢Overbought RSI in later candles could lead to profit-taking.
6. Strategy Recommendations š ļø
ā¢For Longs:
ā¢Enter above $0.00002182 with a target of $0.00002836.
ā¢For Shorts:
ā¢Consider shorting if the price falls below $0.00001425.
ā¢Stop Loss:
ā¢Tight stop-loss at $0.000018 to manage risk.