🚀 $PEPE Technical Analysis June 05, 2025: PRICE STANDS AT $0.00001197 WITH BEARISH MOMENTUM ⚠️
📊 Market Insight
• Current Price: 0.00001197 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has decreased, suggesting reduced trading activity and potentially waning momentum.
• MACD shows a bearish signal.
• RSI values are in oversold territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
0.00001223 (MA(25))
0.00001258
0.00001296
🔽 Support Levels:
0.00001175
0.00001168
0.00001150 (psychological support)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $0.00001223
☑️ Entry Point: $0.00001230 (enter if price breaks above 0.00001223 with bullish momentum confirmation)
🎯 Price Target:
TP1: $0.00001258
TP2: $0.00001296
🛑 Stop Loss: $0.00001210 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 0.00001223, an increase in volume, RSI(6) rising above 50, and a MACD bullish crossover with DIF moving above DEA.
🐻 Bearish Trade Setup: Breakdown below $0.00001175
☑️ Entry Point: $0.00001170 (enter if price breaks below 0.00001175 with bearish momentum confirmation)
🎯 Price Target:
TP1: $0.00001168
TP2: $0.00001150
🛑 Stop Loss (SL): $0.00001185 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 0.00001175, sustained high volume, RSI(6) falling below 40 (further into oversold), and the MACD showing a continued bearish trend with DIF dropping further below DEA.
📌 Suggestion to Open Positions Today:
The RSI in oversold territory suggests a potential short-term bounce, but the overall trend remains bearish. Traders should exercise caution, waiting for a clear breakout above $0.00001223 for a bullish setup or a breakdown below $0.00001175 for a bearish move. Given the low volume and oversold RSI, a reversal could be possible. Use tight stop losses to manage risk effectively in this volatile environment.
#PEPE #dailyearnings #signaladvisor #memecoin🚀🚀🚀
