#pepe⚡
Buying point:
Initial buying range: When the price is close to 0.0063000 - 0.0064000 USDT, you can consider buying for the first time. This area is close to the lower Bollinger Bands, while the previous low of 0.0063255 USDT may form support, indicating a potential rebound opportunity.
Breaking through the buying point: If the price breaks through 0.0070000 USDT and the trading volume increases, this is a potential rebound signal and you can consider adding a position. A break above this resistance level could push the market further higher.
Take profit point:
The first take-profit target: When the price rebounds to 0.0073000 - 0.0075000 USDT, which is the pressure level of the middle track of the Bollinger Bands and EMA (25), partial take-profit can be considered.
Second take-profit target: If the price exceeds 0.0078000 USDT, it is recommended to further take profit. This area is a strong resistance level, and the price may enter the overbought zone after breaking through.
Stop loss point:
Stop loss setting: If the price falls below 0.0063000 USDT and the trading volume increases, the loss should be stopped immediately. There is no obvious support below this area and the price may drop further.
Technical indicator support:
EMA(7) and EMA(25): Both the short-term moving averages EMA(7) and EMA(25) show a downward trend, indicating that the short-term market is still affected by downward pressure. EMA(99) indicates that long-term pressure is still high and the market has not yet stabilized.
Bollinger Bands: The current price is close to the lower track of the Bollinger Bands, indicating that market volatility has increased in the short term, prices are in a low range, and there may be a technical rebound, but risks still exist.
