🚀 $PEPE Technical Analysis May 16, 2025: BEARS IN CONTROL, PRICE TESTING SUPPORT NEAR $0.000013 ⚠️

📊 Market Insight
• Current Price: 0.00001350 USDT
• Moving Averages (MAs) are signaling a bearish short-term trend.
• Volume is extremely high at 373,912,590,973 PEPE, indicating intense trading activity, with the recent decline suggesting strong selling pressure.
• MACD is negative, confirming bearish momentum.
• RSI values are in the neutral zone, suggesting the asset is not oversold yet but nearing a potential reversal or continued downtrend.

📊 Important Levels to Watch
🔼 Resistance Levels:
0.00001433
0.00001510
0.00001523
🔽 Support Levels:
0.00001267
0.00001254
0.00001150

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Reversal above $0.00001433
☑️ Entry Point: $0.00001450 (enter if price breaks above 0.00001433 with confirmation of bullish momentum)
🎯 Price Target:
TP1: $0.00001510
TP2: $0.00001523
🛑 Stop Loss: $0.00001320 (below the MA(7) to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 0.00001433, a surge in volume, RSI(6) rising above 70, and the MACD showing a bullish crossover with the DIF moving above the DEA.

🐻 Bearish Trade Setup: Continuation below $0.000013
☑️ Entry Point: $0.000013 (enter if price breaks below 0.00001330 with increased volume and bearish confirmation)
🎯 Price Target:
TP1: $0.00001267
TP2: $0.00001254
🛑 Stop Loss (SL): $0.00001433 (above recent resistance)
⚠️ Confirmation: Watch for a bearish candle pattern (e.g., bearish engulfing), RSI(6) dropping below 40, 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 $0.00001433 with bullish confirmation for a long position, or enter a short position if the price breaks below $0.00001350 with increased bearish momentum. Given the high volatility and proximity to support, tight risk management and confirmation are crucial.

#pepe #dailyearnings #signaladvisor #memecoin🚀🚀🚀