$PEPE USDT - CONSOLIDATION BEFORE THE NEXT MOVE! š§
Here's a quick technical analysis of the $PEPEUSDT chart:
Key Levels:
* Current Price: 0.00001134 š¢
* Immediate Resistance: 0.00001140 - 0.00001149 (The red lines and the zone just above the current price where previous highs were formed).
* Strong Resistance: 0.00001155 - 0.00001165 (The green and red boxes above, representing stronger resistance levels).
* Immediate Support: 0.00001128 - 0.00001131 (The grey lines, acting as crucial immediate support where price has bounced multiple times).
* Strong Support: 0.00001118 - 0.00001126 (The red box, a more significant support level and potential stop-loss area).
Trade Setup:
The chart shows PEPEUSDT in a consolidation phase. While there have been attempts to break higher, they haven't sustained. The current price is hovering around a key support/resistance flip zone. We can consider a LONG opportunity if the immediate support holds and price pushes convincingly above the consolidation range.
* Entry: Consider an entry around 0.00001130 - 0.00001135 (waiting for a clear bounce from immediate support or a break above 0.00001140).
* Target 1 (TP1): 0.00001149 šÆ
* Target 2 (TP2): 0.00001155 š
* Stop Loss (SL): 0.00001125 š (Just below the immediate support, ensuring minimal risk).
Risk Management:
Always define your stop-loss before entering a trade and stick to it! Risk only a small, fixed percentage (e.g., 1-2%) of your capital on each trade to protect against unexpected market movements. This disciplined approach is key to sustainable trading. š”ļøš°
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