🚀 $PEPE Technical Analysis May 15, 2025: BEARS IN CHARGE, PRICE NEAR SUPPORT AT $0.00001364 📉
📊 Market Insight • Current Price: 0.00001364 USDT • Moving Averages (MAs) is indicating a bearish short-term trend. • Volume is significant at 89,976,020.228, suggesting active trading but no clear bullish surge, indicating mixed market sentiment. • MACD is slightly negative, confirming weak bearish momentum. • RSI values are in the neutral to oversold territory, suggesting the asset may be nearing a potential reversal if buying pressure increases.
📊 Important Levels to Watch 🔼 Resistance Levels: 0.00001394 0.00001510 0.00001447 🔽 Support Levels: 0.00001284 0.00001272 0.00001224
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $0.00001394 ☑️ Entry Point: $0.00001400 (enter if price breaks above 0.00001394 with confirmation of bullish momentum) 🎯 Price Target: TP1: $0.00001510 TP2: $0.00001447 🛑 Stop Loss: $0.00001350 (below the current price to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 0.00001394, a spike in volume, RSI(6) rising above 50, and the MACD showing a bullish crossover with the DIF moving above the DEA.
🐻 Bearish Trade Setup: Continuation below $0.00001364 ☑️ Entry Point: $0.00001350 (enter if price breaks below 0.00001364 with increased volume and bearish confirmation) 🎯 Price Target: TP1: $0.00001284 TP2: $0.00001224 🛑 Stop Loss (SL): $0.00001400 (above recent resistance) ⚠️ Confirmation: Watch for a bearish candle pattern (e.g., bearish engulfing), RSI(6) dropping below 30, and a MACD maintaining its bearish trend with the DIF staying below the DEA.
📌 Suggestion to Open Positions Today: Consider waiting for a clear break above $0.00001394 with bullish confirmation for a long position, or enter a short position if the price breaks below $0.00001364 with increased bearish momentum. Tight risk management is critical given the volatility and proximity to support levels.
