$PEPE
PEPE
0.00002132
-1.57%
/USDT Technical indicators and Potential Technical Analysis and Trade Strategy with Three Target levels.🚀🎯
Current Price: $0.00002076 (a 6.02% drop in the last 24 hours)
Indicators Analysis:
Moving Averages (MA): Showing a negative change of -2.2636%, which indicates further downward pressure.
Exponential Moving Average (EMA): With a -3.9797% change, confirming a bearish bias.
MACD: The MACD is indicating a bearish crossover, suggesting continuation of the downtrend.
Bollinger Bands (BOLL): The price is nearing the lower band, which suggests potential for a slight reversal or continued downtrend if it breaks below.
Parabolic SAR (SAR): The SAR is likely showing the price moving below the trend line, reinforcing the bearish outlook.
Trade Strategy with Target Levels:
1. Target Key 1 (Short-term Bearish Strategy):
Entry Point: Sell at current price levels around $0.00002076.
Target 1 (Take Profit): $0.00002050 - This is the immediate support level. If the price tests this support and holds, you may want to take profits here.
Stop Loss: $0.00002150 (above the immediate resistance level). If the price moves higher, it would indicate a potential reversal or consolidation.
2. Target Key 2 (Medium-term Bearish Strategy):
Entry Point: Wait for a break below $0.00002050 for confirmation of further downward movement.
Target 2 (Take Profit): $0.00002000 (psychological support). This level could be a solid exit point if the downtrend continues.
Stop Loss: $0.00002100 (above recent resistance). If the price rises past this level, the bearish momentum would be invalidated.
3. Target Key 3 (Long-term Bearish Strategy):
Entry Point: After confirming sustained bearish momentum, possibly once the price confirms a lower low below $0.00002000.
Target 3 (Take Profit): $0.00001850 - A further downside target based on the previous range, and the next potential support zone.
Stop Loss: $0.00002150 - This is a safe stop to avoid significant loss if a reversal occurs.
