Analysis of PEPE/USDT Chart:
Current Price: 0.00000857 USDT
Trend Overview (1D chart):
The current price is below the EMA(7) at 0.00000871 and EMA(25) at 0.00000823, but also below the EMA(99) at 0.00000926.
MACD is flat and shows decreasing momentum, suggesting weakening bullish momentum.
The price has recently rejected at the 0.00000981 level, which was the local high.
It has broken below short-term support around 0.00000870, now acting as resistance.
Trade Setup:
1. Entry Point (Buy):
Entry: 0.00000840
Reason: This level is near a previous support zone and close to EMA(25). It’s also a psychological level where buyers may step in.
2. Stop Loss:
SL: 0.00000810
Reason: Below recent support and just above the breakout candle from earlier uptrend. If price falls below this, downtrend may continue.
3. Take Profit (TP):
TP1: 0.00000890 (first resistance, 6% gain)
TP2: 0.00000925 (EMA99 and resistance zone, 10% gain)
TP3 (Optional): 0.00000980 (Previous high, 16% gain)
Risk-Reward Ratio:
Risk: ~3.5%
Reward: 6% to 16%
Good setup if you're aiming for a 2:1 or 3:1 risk-to-reward ratio.
Final Thoughts:
Wait for a bullish candle or bounce confirmation around 0.00000840 before entry. Avoid entering if price closes strongly below 0.00000810 on the daily. Volume is slightly declining, so a breakout move might come after consolidation.
Would you like a visual chart with these levels marked?
