#PEPE
Technical Analysis and Immediate Recommendations for PEPE/USDT
Technical Analysis:
Current Price: 0.00001464 USDT
Lowest Price in 24 Hours: 0.00001414
Highest Price in 24 Hours: 0.00001632
Trading Volume (24 Hours): 746.61M USDT
Technical Indicators:
The price broke support at 0.00001500 and dropped to the level of 0.00001414, then saw a slight rebound to 0.00001464.
The price is currently below the moving averages MA(7), MA(25), and MA(99), indicating ongoing selling pressure.
The volume indicator shows a recent influx of high liquidity in an attempt to rebound.
The formation of reversal candles in the 15-minute timeframe reflects the likelihood of a short-term upward correction.
Immediate Trading Recommendations:
Suggested Entry Point (Buy): 0.00001460 ~ 0.00001450
First Target: 0.00001495
Second Target: 0.00001520
Stop Loss: Clear break below the level of 0.00001410
Risk-to-Reward Ratio: Moderate, suitable for day traders with strict adherence to stop loss.
Note: It is preferable to monitor the price movement relative to the MA(25), as if it breaks above with a close of a 15-minute or hourly candle, it may be a strong short-term entry signal.
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