🚀 $PEPE Technical Analysis May 18, 2025: BEARS DOMINATING, PRICE NEAR SUPPORT AT $0.0000123 ⚠️
📊 Market Insight • Current Price: 0.00001235 USDT • Moving Averages (MAs) are indicating a bearish trend. • Volume is high at 14.30T PEPE over 24 hours, with a USD value of 175.97M, indicating strong selling pressure with limited buying interest. • MACD is bearish, confirming sustained downward momentum. • RSI values are in neutral territory, suggesting potential for further downside if momentum persists.
📊 Important Levels to Watch 🔼 Resistance Levels: 0.00001254 0.00001322 0.00001380 🔽 Support Levels: 0.00001196 0.00001186 0.00001150
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $0.00001254 ☑️ Entry Point: $0.00001260 (enter if price breaks above 0.00001254 with bullish momentum confirmation) 🎯 Price Target: TP1: $0.00001322 TP2: $0.00001380 🛑 Stop Loss: $0.00001226 (below the MA(7) to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 0.00001254, a spike in volume, RSI(6) rising above 70, and a MACD bullish crossover with the DIF moving above the DEA.
🐻 Bearish Trade Setup: Continuation below $0.00001196 ☑️ Entry Point: $0.00001190 (enter if price breaks below 0.00001196 with increased volume and bearish confirmation) 🎯 Price Target: TP1: $0.00001186 TP2: $0.00001150 🛑 Stop Loss (SL): $0.00001254 (above the immediate resistance) ⚠️ Confirmation: Watch for a bearish candle pattern (e.g., bearish engulfing), RSI(6) dropping below 40, and the MACD maintaining its bearish trend with the DIF staying below the DEA.
📌 Suggestion to Open Positions Today: Consider waiting for a clear break below $0.00001196 with bearish confirmation for a short position, or look for a strong reversal above $0.00001254 for a long position. Given the current bearish momentum and high selling volume, exercise caution with tight risk management. A bounce could occur if RSI drops into oversold territory, but confirmation is key.
