Nice analysis 👍👍👍
But I have a note: when entering trades, don't place the stop loss at the nearest support; instead, place it in the middle.
Good luck to everyone 🤲🤲
Kej 07
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Technical Analysis of PEPE Coin: Is a Rebound Imminent After the Downtrend?
Technical Analysis:
1. General Trend:
The price has been in a clear downward trend since it peaked at 0.00000981
Moving Averages (MA):
MA(7) = 0.00000817 (slightly below the current price)
MA(25) = 0.00000856
MA(99) = 0.00000848
The arrangement of the moving averages indicates ongoing selling pressure.
2. Relative Strength Index (RSI):
RSI(6) = 25.08
RSI(12) = 31.53
RSI(24) = 39.64All RSI readings indicate that the market is in an oversold area, which may suggest an imminent rebound (upward correction), but this is not guaranteed without confirmation.
1. General Trend:
The price has been in a clear downward trend since it peaked at 0.00000981
Moving Averages (MA):
MA(7) = 0.00000817 (slightly below the current price)
MA(25) = 0.00000856
MA(99) = 0.00000848
The arrangement of the moving averages indicates ongoing selling pressure.
2. Relative Strength Index (RSI):
RSI(6) = 25.08
RSI(12) = 31.53
RSI(24) = 39.64All RSI readings indicate that the market is in an oversold area, which may suggest an imminent rebound (upward correction), but this is not guaranteed without confirmation.
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