$PEPE /USDT is currently trading at 0.00001885, down 0.11% on the timeframe. The pair has been consolidating over the past few candles, forming a descending triangle pattern. This pattern suggests that the bears are losing momentum, and a potential bullish breakout could be on the horizon.

Entry:

Consider entering a long position at the current price of 0.00001885.

Resistance:

The immediate resistance level is at 0.00001920. If the price breaks above this level, it could signal a further bullish move.

Support:

The support level is at 0.00001850. If the price breaks below this level, it could signal a bearish reversal.

Take-Profit Targets:

* TP1: 0.00001920

* TP2: 0.00001950

* TP3: 0.00002000

Stop Loss:

Set a stop-loss order at 0.00001850 to limit potential losses.

Caution:

Traders should be cautious and monitor the market closely for any signs of instability or a potential breakout.

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