#PEPE $PEPE $PEPE/USDT Ongoing consolidation - Potential bullish breakout in formation!
Current price: 0.00001395
After a sharp rejection from the peak of 0.00001632, PEPE entered a sideways consolidation phase between support at 0.00001314 and resistance at 0.00001430. Despite the recent bearish candles, the price is now stabilizing and holding above the key short-term support, indicating seller exhaustion. This consolidation is healthy and often serves as a precursor to a bullish reversal if momentum accumulates above resistance.
Key levels:
Support: 0.00001314 / 0.00001229
Resistance: 0.00001430 / 0.00001514
Current price: 0.00001395
Trading setup (Long):
Entry: 0.00001390 - 0.00001410
Take profit: 0.00001514 / 0.00001600
Stop loss: 0.00001300
Risk management: Wait for confirmation of a breakout above 0.00001430 with volume. Stick to your stop loss and wisely determine position sizes to manage downside risk.$PEPE
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