it is in a support zone which means that if it breaks that zone it could go down but if it holds it could go up. in the 1-hour candles the zone looks good I bought
BlockchainBelle
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$PEPE /USDT ALERT: TIGHT RANGE WITH BEARISH BIAS – STAY VIGILANT!💯
$PEPE /USDT is currently trading at 0.00002439 USDT, marking a decrease of 0.61%. The price is within a tight range, reflecting the 24-hour high of 0.00002572 USDT and the low of 0.00002412 USDT. The 50-period EMA line suggests a bearish bias, as the current price remains below the moving average.
The 24-hour trading volume is significant, with PEPE at 27.22 trillion and USDT at 676.39 million.
Trade Setup - Short Entry: Below 0.00002430 USDT, targets at 0.00002410, 0.00002400, and 0.00002380 USDT. Stop Loss: 0.00002450 USDT
Bullish Scenario If the price rises above 0.00002450 USDT, it might signal a bullish trend. In that case, targets shift to 0.00002470, 0.00002500, and 0.00002520 USDT, with a Stop Loss at 0.00002430 USDT.
The market is consolidating, and this tight range could lead to increased volatility. Keep a close watch on trading volumes and sentiment, as a breakout in either direction might present substantial trading opportunities. 🚀📈
Let's stay sharp and make the most of this potential movement! 📊💰🔥 #USUALSpotLaunch #MarketMajorComeback #BTCReclaims101K #MicroStrategyVsNasdaq #RLUSDApprovalBoostXRP
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