๐ Entry Zone:
๐น $0.00000790 - $0.00000820
๐ฏ Targets:
โ Target 1: $0.00000830
โ Target 2: $0.00000850
โ Target 3: $0.00000880
๐ Stop Loss:
๐ป $0.00000758
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๐ Technical Analysis:
๐ธ PEPE has recovered from the recent low at $0.00000758 and shows positive signals on the 2H timeframe.
๐ธ RSI (53.77) indicates that the upward momentum is still acceptable and has not entered the overbought territory yet.
๐ธ MACD is turning into the positive territory, supporting the likelihood of continued upward movement.
๐ธ The current price is approaching the short-term moving average MA(5) and MA(10), indicating a bullish convergence.
๐ธ Trading volume is relatively high, supporting the current buying activity.
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๐ข Risk Management:
โ๏ธ Gradually take profits at each target to secure gains.
โ๏ธ Once the price reaches the first target, move the stop loss to the entry zone to secure the trade.
โ๏ธ Staying above $0.00000790 is considered positive, while dropping below $0.00000758 may weaken momentum.
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My personal opinion:
The current situation of the currency looks encouraging for short-term speculators, especially if the resistance level of $0.00000830 is breached.