$PEPE BULLISH BOUNCE – POISED FOR A POTENTIAL UPTREND
PEPE/USDT is showing early signs of recovery, currently trading at $0.00001111 (+1.46%), bouncing back after hitting a recent low of $0.00001060. The price is forming a potential higher low, suggesting bulls might be stepping in for a short-term push upward.
🔍 Key Levels:
Immediate Support:
$0.00001060 – Strong bounce zone, previously tested multiple times.
$0.00001080 – Minor intra-day support level.
Resistance Levels:
$0.00001130 – Minor resistance (recent local top).
$0.00001150 – Strong resistance and breakout level.
📊 Technical Indicators:
Volume: Gradual increase in buy-side volume, indicating demand.
RSI (1H): Rising from oversold – momentum shifting to bulls.
MACD: Beginning to show a bullish crossover on lower timeframes (15m–1h).
Order Book Insight: Slight imbalance toward buy orders around $0.00001112 zone.
📈 Trade Setup: Long Opportunity
Entry Zone: $0.00001110 – $0.00001115
Stop Loss: $0.00001080 (below support zone)
Take Profit 1 (TP1): $0.00001130
Take Profit 2 (TP2): $0.00001150
⚠️ Risk Management:
Use 1-2% of your capital on this setup.
Secure partial profits at TP1, trail SL to breakeven.
Avoid chasing entries if the price spikes too fast – wait for retests.
📌 Conclusion: PEPE is attempting a bullish reversal. If the price holds above $0.00001110 with increasing volume, we could see a test of $0.00001150 in the short term. Ideal setup for intraday scalpers and short-term traders.
Let me know if you’d like a visual chart snapshot or this in a Twitter/Telegram post format!
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