๐๐$PEPE /USDT technical analysis. Make Profit from the Oversold Dip.....๐๐
โ $PEPE /USDT 4H Chart Analysis....
Current price: 0.00001137, down -7.18%, shows continued bearish momentum. The RSI is at 22.55, indicating oversold conditions, suggesting a possible short-term bounce.
Resistance Levels:
0.00001207 (25 MA)
0.00001296 (recent high)
Support Levels:
0.00001124 (24h low)
0.00001111 (previous local low)
Trade Setup:
Entry (Long): Wait for a bounce confirmation above 0.00001150
โ Target: 0.00001207 to 0.00001250
โ Stop Loss: Below 0.00001100
Trade Decision:
Watch for bullish reversal signals before entering. If price breaks below 0.00001111, expect further downside. For now, consider a low-risk buy near support if reversal is confirmed, otherwise avoid entry.
Note: Trend remains bearish; treat bounces as short-term trades only.