Based on the 4-hour chart you’ve shared for PEPE/USDT, here’s a technical analysis and suggestion for your next trade setup:
Market Analysis:
Price Trend:
Current price: 0.00000834 USDT
Down -6.19% with a consistent lower-highs and lower-lows pattern.
Price is below all EMAs (EMA7, EMA25, EMA99), signaling strong bearish momentum.
Key Support/Resistance:
Support: 0.00000831 (recent low)
Resistance: EMA25 at ~0.00000868 and recent swing highs near 0.00000900
Volume:
Declining volume after recent peaks = weak follow-through, less buyer interest.
Indicators:
MACD: Bearish crossover continues, both MACD and Signal Line trending down.
EMA lines: EMA7 < EMA25 < EMA99, confirming strong downtrend.
Price < Sell Avg. Price (0.00000843): Bearish sentiment dominates.
Suggested Trade Setup:
Trade Type: Short-Term Long (Bounce Play) OR Wait-and-See for Breakout
Option 1: Bounce Play (High Risk)
If you're looking for a short-term rebound (scalp trade):
Entry Point: 0.00000828 - 0.00000831 USDT (key support area)
Stop Loss: 0.00000818 USDT (below support to avoid false breakdowns)
Take Profit:
TP1: 0.00000850 USDT (near EMA7)
TP2: 0.00000868 USDT (EMA25)
Reason: Bounce from strong support + oversold MACD zone.
Option 2: Safer Entry (Trend Confirmation)
Wait for a confirmed trend reversal or breakout:
Entry Point: Above 0.00000868 USDT (EMA25 resistance)
Stop Loss: 0.00000844 USDT
Take Profit:
TP1: 0.00000893 USDT (24h High)
TP2: 0.00000920+ (next psychological resistance
