PEPE – Is it time to take profits?

The PEPE coin recorded a strong jump reaching 0.00001541, but it is now experiencing a slight corrective movement at 0.00001413 with a decrease of -1.81%.

The moving averages indicate the continuation of the upward trend, but the StochRSI indicator is very high (98), which indicates overbought conditions that may be followed by a calm or temporary pullback.

Advice:

Pay attention to the support level at 0.00001240, and if it breaks, we may witness a wider correction. Do not enter until a rebound or a new peak is confirmed.

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