#PEPE Intraday Report
Current Price: $0.00001278 (-0.47%), High-level consolidation with reduced volume, RSI at extreme levels, beware of potential sell-offs by whales!
Key Levels
• Support 1: 0.000010 (EMA13 moving average + psychological barrier)
• Support 2: 0.0000092 (EMA89 providing support, breaking it turns bearish)
• Resistance 1: 0.000013 (round number + intraday resistance)
• Resistance 2: 0.0000154 (previous high resistance, breakthrough requires significant volume)
Indicator Signals
• RSI(6) skyrocketed to 88.5, severely overbought, probability of a retracement increased, but do not easily go against the trend until it breaks.
• MACD golden cross but histogram weak, bullish momentum insufficient, low-volume spikes are traps.
• Trading volume has fallen below the 5-day moving average; if there’s a rebound without significant volume, reduce positions on the rise, don’t be stubborn!
Strategy
Aggressive traders can try a small long position near 0.000010, with a stop loss at 0.000009; if it stabilizes above 0.000013, they can increase their position. If there’s a low-volume spike to 0.000015, be decisive in taking profits in batches.
Trend
Short-term consolidation at high levels is the main trend, with 0.000013 being the dividing line between bullish and bearish. A volume breakout sees 0.000015, otherwise a pullback to 0.000009 for a washout. MEME volatility is high, don’t be greedy, enter and exit quickly!
Points of Interest, give a like! #PEPE
