👿🤑PEPE/USDT current 12H Chart Analysis👍😈
$PEPE #BullishMomentum #money 🤑🤑
here is a 12 hr chart mentioned bottom of the post.
1. Price Trend & Support/Resistance Levels:
Current Price: 0.00000738 USDT
Resistance Levels:
0.00000751 (Recent high, short-term resistance)
0.00000765 (24h high)
0.00000832 - 0.00000895 (Major resistance zone from previous highs)
Support Levels:
0.00000669 (Nearest support)
0.00000588 - 0.00000525 (Stronger support area)
2. Indicators Breakdown:
a) Parabolic SAR (Yellow Dots)
The dots are below the price, indicating an uptrend.
If the price remains above the dots, the trend continues bullish.
A reversal would be signaled if the dots flip above the price.
b) RSI (Relative Strength Index)
RSI(6) = 58.39 (Short-term momentum)
RSI(14) = 53.44 (Longer-term trend)
Both values indicate neutral to slightly bullish momentum, meaning the price isn't overbought yet.
c) Stochastic Indicator (K, D, J)
K (76.54) and D (70.98) are approaching the overbought zone (>80).
J (87.66) is already above 80, which can be a sign of potential reversal or consolidation.
If K and D cross down, it could indicate a short-term pullback.
3. Trade Setups:
Bullish Scenario (Buy Setup):
If price breaks above 0.00000765, it could continue toward 0.00000832 - 0.00000895.
Buy entry around 0.00000751 - 0.00000765 after confirmation (e.g., strong green candle, increased volume).
Stop Loss: Below 0.00000700 to limit risk.
Take Profit: Around 0.00000832 - 0.00000895.
Bearish Scenario (Sell Setup):
If price fails to break 0.00000765 and starts declining, it could test support at 0.00000669 or lower.
Short entry if price breaks below 0.00000700 with strong selling volume.
Stop Loss: Above 0.00000765.
Take Profit: 0.00000669 - 0.00000600.
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Conclusion & Recommendation:
The trend is currently bullish with resistance at 0.00000765.
Indicators suggest momentum is slowing but not reversing yet.
A breakout above resistance is bullish, while failure may lead to a pullback.
Watch for volume confirmation before entering trades.
