๐ PEPE/USDT Technical Analysis (4H Timeframe)
๐ Possible Scenarios
โ Bullish Scenario (Break Above $0.00000751)
If PEPE breaks and holds above $0.00000751, it could target $0.00000780 โ $0.00000832.
โ Bearish Scenario (Rejection at Resistance)
If PEPE fails to reclaim $0.00000751, it may drop back towards $0.00000650.
A break below $0.00000650 could send the price toward $0.00000588 โ $0.00000525.
Strong buying pressure could push it toward the previous high of $0.00000895.
๐น Market Overview
Current Price: $0.00000667
24h High: $0.00000745
24h Low: $0.00000650
24h Change: -2.63%
๐ Technical Breakdown
1๏ธโฃ Support & Resistance Levels
Major Resistance: $0.00000751
Current Resistance: $0.00000700 (psychological level)
Key Support: $0.00000650
Major Support: $0.00000525
2๏ธโฃ Price Action Analysis
PEPE was in a downtrend (marked by the yellow trendline), forming lower highs and lower lows.
It found strong support at $0.00000525, leading to a bullish reversal.
The price tested the resistance at $0.00000751 but got rejected, signaling selling pressure.
The price is currently retracing after the rejection but still holding above previous lows.
๐ข Trading Strategy
๐ Long (Buy) Entry:
Entry: Above $0.00000710 - $0.00000751
Targets: $0.00000780 โ $0.00000832 โ $0.00000895
Stop Loss: Below $0.00000650
๐ Short (Sell) Entry:
Entry: Below $0.00000650
Targets: $0.00000588 โ $0.00000525
Stop Loss: Above $0.00000710
๐ Conclusion
๐น PEPE has shown a strong bounce from $0.00000525 but got rejected at $0.00000751.
๐น A breakout above $0.00000751 could signal a bullish rally towards $0.00000832 and higher.
๐น A failure at resistance may push the price back to $0.00000650 or lower to $0.00000525.
๐น Watch the $0.00000751 level carefullyโa breakout can lead to more upside, while a rejection could bring a pullback.
Let me know if you need further analysis!
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