Attention, crypto community! 🚨
Analyzing the chart of $PEPE / USDT on a 4-hour timeframe, we see that the price is at $0.00000794, with a drop of -2.58% in the last hours. The price broke below the key moving averages (EMA 25, EMA 99, and EMA 200), indicating a bearish trend in the short term. Additionally, the volume shows no clear signs of reversal and immediate support is at the $0.00000778 zone.
🔎 What does this mean?
- The sentiment is bearish and there is a risk that the price will continue to correct if it loses current support.
- There are no strong rebound technical signals for now.
- If you are looking to minimize risks, the most prudent approach is to wait for confirmation of support or for the price to recover levels above $0.0000086 before considering an entry.
💡 Recommendation:
Patience! It’s not the time to enter impulsively. Wait for clear reversal signals before buying. Remember: in crypto, risk management is key. 🚦
Are you going to hold, sell, or wait? Leave it in the comments! 👇
