$PEPE /USDT Market Update: Oversold Bounce or Further Drop?
📉 Price: $0.00001189 (-4.04% 24h)
📊 Sentiment: Bearish — RSI deeply oversold, price below all major MAs
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🔍 Key Technical Highlights
1. Moving Averages (MA):
Price is trading below:
MA(7): $0.00001222
MA(25): $0.00001233
MA(99): $0.00001206
➡️ Indicates downward pressure; MA(7) now a short-term resistance to watch.
2. RSI (6): 18.83 (Oversold Zone)
Signals potential bounce or pause in selling.
⚠️ Note: RSI can remain oversold during strong bearish trends.
3. Volume & Liquidity:
24h Volume: 287B PEPE → Below 5/10-day average
⚠️ Low volume = weak conviction; watch for spikes to confirm a reversal.
4. Support & Resistance Levels:
Support: $0.00001150 (key psychological & local low)
Resistance:
$0.00001222 (MA7)
$0.00001296 (recent high)
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📈 Trading Ideas (Not Financial Advice)
🟢 Long Setup (Bounce Play):
Entry: Around $0.00001150 if RSI stabilizes
Take Profit: $0.00001222–$0.00001296
Stop-Loss: Below $0.00001130
🔴 Short Setup (Trend Continuation):
Entry: On rejection from MA(7) + low volume
Target: Back to $0.00001150, possibly lower
Stop-Loss: Above $0.00001240
⏳ Mid-Term Strategy:
Bullish confirmation = Close above MA(7) + RSI > 30
Breakdown below $0.00001130 → Eyes on $0.00001000
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⚠️ Risk Note:
Meme coins = high volatility, fast moves
Stick to tight stop-losses
No FOMO. Let the chart confirm.
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💬 Your Turn – Let’s Talk PEPE!
🔥 Like & Share if this helped your trade plan
🧠 Drop a comment: Reversal incoming or more downside?
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Disclaimer: This post is for educational purposes only. Not financial advice. Always DYOR before trading.