💡 Quick Technical Analysis:
✅ Key Level Defended! After a pullback from the ~$0.00001080 peak, PEPE found support and formed a higher low around the $0.00000960 area, a constructive sign for bulls.
📊 Price Action: Currently trading at $0.00000968, the price is stabilizing after the bounce. This consolidation above a new higher low indicates that buying pressure is stepping in to absorb the recent sell-off.
📈 ZigZag Indicator: The indicator highlights the recent swing high and the subsequent higher low, providing a clear framework that suggests the corrective move might be over.
🔁 Momentum: The market is finding its equilibrium. This period of quiet trading could be the calm before a potential resumption of the uptrend.
Trade $PEPE
🎯 Suggested Entry Zone:
✅ The current price range of $0.00000960 – $0.00000975 offers an attractive entry point close to the recently established support.
📈 A convincing break and hold above $0.00001000 would serve as a strong bullish confirmation.
🛡️ Stop-Loss: A tight stop-loss can be placed just below the recent low, around $0.00000950.
🎯 Target 1: $0.00001020
🎯 Target 2: $0.00001070 (A retest of the previous high)
🧠 Conclusion:
PEPE is showing signs of strength by establishing a higher low, suggesting the uptrend structure remains intact. The current consolidation presents a favorable risk-to-reward setup for a potential long trade, anticipating a move back towards the recent highs.
👇 Do you think $PEPE is ready to bounce from here? Share your thoughts! 👇
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