🚀 $PEPE Technical Analysis May 17, 2025: BEARS IN COMMAND, PRICE APPROACHING SUPPORT AT $0.000012-$0.0000123 ZONE ⚠️

📊 Market Insight
• Current Price: 0.00001251 USDT
• Moving Averages (MAs) are indicating a bearish trend.
• Volume is moderate compared to the 24H volume of 18.78T PEPE. This indicates active trading, with selling pressure currently dominating.
• MACD is bearish.
• RSI values are in oversold territory.

📊 Important Levels to Watch
🔼 Resistance Levels:

0.00001283

0.00001352

0.00001422
🔽 Support Levels:

0.00001223

0.00001213

0.00001180

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Reversal above $0.00001283
☑️ Entry Point: $0.00001290 (enter if price breaks above 0.00001283 with bullish momentum confirmation)
🎯 Price Target:

TP1: $0.00001352

TP2: $0.00001422
🛑 Stop Loss: $0.00001253 (below the MA(7) to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 0.00001283, a surge in volume, RSI(6) rising above 50, and a MACD bullish crossover with the DIF moving above the DEA.

🐻 Bearish Trade Setup: Continuation below $0.000012 zone
☑️ Entry Point: $0.00001220 (enter if price breaks below 0.00001223 with increased volume and bearish confirmation)
🎯 Price Target:

TP1: $0.00001213

TP2: $0.00001180
🛑 Stop Loss (SL): $0.00001283 (above the immediate resistance)
⚠️ Confirmation: Watch for a bearish candle pattern (e.g., bearish engulfing), RSI(6) dropping further below 25, and the MACD maintaining its bearish trend with the DIF staying below the DEA.

📌 Suggestion to Open Positions Today:
The price is testing a critical support zone, with RSI indicating oversold conditions. Consider waiting for a clear break below $0.00001223 with bearish confirmation for a short position, or look for a strong reversal above $0.00001283 for a long position, especially if RSI starts to recover. A potential bounce could occur, but confirmation are crucial due to high volatility.

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