PEPE Oversold Crisis! Is the Bottom Buying Opportunity Here? The FOMO Frenzy is About to Erupt
Currently, the price of 1000 PEPE is oversold (RSI < 30), below the holding cost, accompanied by an increase in trading volume and a decrease in positions, indicating a rebound opportunity. It is recommended to go long in the short term, entry at 0.01083, stop loss at 0.01080, target at 0.01151, risk-reward ratio 22.67. Risk: If it falls below 0.01080, the trend will continue, be mindful of position control (single trade risk < 2%).
Technical Analysis
1. Price Status: Bollinger Band Position -15.06% (price 0.01083 close to lower band 0.01093), indicating oversold area; MA200 deviation -7.70% (price below 0.01173), confirming downtrend; Holding cost deviation -5.98% (price below 0.01151), indicating holders are in loss, which might trigger a rebound.
2. Market Strength: 24-hour trading volume increased by 2.69 times, with strong selling pressure linked to price decline; position size decreased (1h -3.43%), long-short ratio rose to 2.86, smart money is shifting to long; no major news impact, market sentiment has digested the sell-off.
3. Key Support and Resistance: Support level 0.01093 (Bollinger Band lower band and trading dense area (0.0099, 0.0119) accounts for 17.44% of trading volume); Resistance level 0.01151 (holding cost) and 0.01173 (MA200); buying and selling pressure is slightly bullish (long-short ratio rising), but liquidity gap risk is low.
Market Cycle Analysis
Currently in the mid-bear market bottom area, with price declines, decreasing positions, and RSI oversold suggesting the cycle may turn to a rebound phase, with weak trend sustainability.
Trading Strategy
• Entry Point: 0.01083 (current price, oversold rebound starting point).
• Stop Loss Point: 0.01080 (below support, to prevent trend continuation).
• Target Level: 0.01151 (holding cost level, resistance area).
• Risk-Reward Ratio: 22.67 (calculated based on Long formula).
• Risk Warning: Market risks include continued decline (pump rate -1.99%) or macro events; strategy fails if it falls below 0.01080; position size ≤ 2%, avoid low liquidity periods (e.g., early Asian session).
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$1000PEPE