$PEPE
Based on technical analysis from the 1-hour chart of the 1000PEPEUSDT pair that you sent, here is a summary of the market conditions and price movement predictions:
š Technical Analysis:
Current Price: 0.0137089 USDT
EMA 50 (yellow line): 0.0138771
EMA 200 (green line): 0.0137497
Price is below EMA 50 and EMA 200 ā short-term bearish signal.
EMA 50 is also below EMA 200 ā death cross, continuation bearish signal.
MACD:
MACD and Signal line are below the zero line, and the histogram is starting to shrink ā bearish momentum is weakening, but no bullish confirmation yet.
RSI (6): 30.09
Almost touching the oversold area (<30) ā potential selling pressure is weakening, a short-term rebound may occur.
š Conclusion & Prediction:
Currently, the market is still under light bearish pressure, but the price is starting to move sideways and RSI is approaching oversold, indicating potential short-term reversal.
ā Position Recommendation:
For the short term (1H - 4H):
š Selling is more recommended, but wait for confirmation of breakdown of the support area at 0.01352.
šÆ Entry & Risk Management:
Entry Sell: 0.01365 (breakdown confirmation)
Stop Loss (SL): 0.01395 (above EMA 50 resistance)
Take Profit (TP): 0.01320 or 0.01280
Risk Reward Ratio (1:2):
Risk: 30 points
Target: 60 points
If the price actually breaks out above 0.01395 with strong volume, it could turn into a buy signal, so watch for breakouts & fakeouts.
