The current short-term trend of PEPE is bearish, especially in the 2-4 hour time window. However, on the more detailed 1-hour chart, a yellow dot signal appears, which is seen as a potential buying opportunity and may indicate the emergence of bullish power.
If the price of the currency can successfully stabilize at the 0.00001152 level, it is recommended to enter the market near the subsequent green dot and adopt a long strategy. The current expected rate of return is 14.10%. It is recommended to stop profit in part or in full in time when the profit appears, because there is obvious resistance in the 0.00001314 area above.
To control risks, it is recommended to set the stop loss point near the recent low of 0.00001084 to cope with possible market reversals. Given that this operation is a long trade against the trend, please remain highly alert and pay close attention to market dynamics, especially the subtle changes in prices between long and short positions.
