$PEPE #PEPE Based on the chart you've shared for PEPE/USDT, here's a technical analysis breakdown and a trading suggestion:
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Technical Overview
Current Price: 0.00000821 USDT
EMA Levels:
EMA(7): 0.00000841 (Above current price – short-term resistance)
EMA(25): 0.00000819 (Near current price – minor support)
EMA(99): 0.00000921 (Long-term resistance)
MACD: Bearish, with MACD line below the signal line and histogram bars red – indicating selling pressure.
Volume: Gradually decreasing – potential waning of downward momentum.
Price Action: Recent downtrend with signs of consolidation just above support.
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Trade Setup
Entry Point:
0.00000818 – 0.00000821
Reason: This is near the EMA(25) and slightly above the 24h low (0.00000799), suggesting potential support and low-risk entry if price stabilizes.
Stop Loss:
0.00000790
Reason: Placed just below the recent low (0.00000799) to minimize downside if support fails.
Take Profit (TP):
1. TP1 (Conservative): 0.00000841 – EMA(7)
2. TP2 (Aggressive): 0.00000864 – Previous resistance
3. TP3 (Stretch Target): 0.00000921 – EMA(99)
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Risk-Reward Estimate
Risk (SL): ~3.7%
Reward (TP1): ~2.4%
Reward (TP2): ~5.2%
Reward (TP3): ~12.2%
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Recommendation
Position Type: Short-term bounce or reversal play
Signal Strength: Weak-to-moderate due to bearish MACD but consolidating candles
Confirmation Needed: Wait for a green candle closing above EMA(25) on the 1D chart to confirm support holding
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