🚀 $PEPE Technical Analysis June 06, 2025: PRICE STANDS AT $0.00001079 WITH STRONG BEARISH MOMENTUM ⚠️
📊 Market Insight
• Current Price: 0.00001079 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has decreased, suggesting lower trading activity compared to recent levels.
• MACD shows a bearish signal.
• RSI values are approaching oversold territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
0.00001119
0.00001134 (MA(25))
0.00001199 (MA(99))
🔽 Support Levels:
0.00001037
0.00001000
0.00000950
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $0.00001119
☑️ Entry Point: $0.00001130 (enter if price breaks above 0.00001119 with bullish momentum confirmation)
🎯 Price Target:
TP1: $0.00001134
TP2: $0.00001199
🛑 Stop Loss: $0.00001100 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 0.00001119, an increase in volume, RSI(6) rising above 50, and a MACD bullish crossover with DIF moving above DEA.
🐻 Bearish Trade Setup: Breakdown below $0.00001037
☑️ Entry Point: $0.00001030 (enter if price breaks below 0.00001037 with bearish momentum confirmation)
🎯 Price Target:
TP1: $0.00001000
TP2: $0.00000950
🛑 Stop Loss (SL): $0.00001050 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 0.00001037, sustained high volume, RSI(6) falling below 30 (deeper into oversold), and the MACD showing a continued bearish trend with DIF dropping further below DEA.
📌 Suggestion to Open Positions Today:
The RSI is nearing oversold territory, suggesting a potential short-term bounce, but the overall trend remains strongly bearish, as confirmed by the moving averages and MACD. Traders should exercise caution, waiting for a clear breakout above $0.00001119 for a bullish setup or a breakdown below $0.00001037 for a bearish move. Given the low volume and nearing oversold RSI, a reversal could be on the horizon. Use tight stop losses to manage risk effectively.
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