🐸 1000PEPE/USDT: At the Crossroads, Rebound or Further Down?
Technical analysis on 4H and 1H timeframes indicates that PEPE is attempting to build a defensive base after a sharp correction. Below are key points for today's trading plan:
📊 Market Conditions
Price Structure: After touching a swing low at 0.0056903, price has begun consolidating and showing buyer resistance.
Momentum Indicators: RSI on 1H timeframe rose to 54.13, indicating short-term capital inflow. MACD histogram on 4H timeframe is also starting to shorten (red fading), providing an early signal of selling exhaustion.
Main Resistance: The nearest recovery target is capped by MA(20) at 0.0060077 and MA(50) at 0.0064176.
🚀 Trading Plan (Spot/Futures)$1000PEPE If price manages to hold above the current support area, the following options are available:
Entry Area: 0.0058500 - 0.0059600 (Current accumulation zone).
Target Profit 1 (Conservative): 0.0061329 (Static resistance zone).
Target Profit 2 (Aggressive): 0.0064176 (Fibonacci Golden Ratio 0.5 & MA 50 zone).
Stop Loss: 0.0056500 (Below the lowest point of the last 24 hours to minimize risk in case of a breakdown).
💡 Radar Notes
24-hour trading volume reached 411M USDT, indicating sufficient liquidity for volatile movements. Stay alert if price breaks below 0.00569, as the next downside target lies around 0.0054 (MA 100).
Disclaimer: Always use risk management. This content is not financial advice.
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