💰 1. Current price and performance of PEPE
- Current price:
- 0.00001008$ with a daily change of +0.50% to +0.67%.
- Daily range: between 0.00000971$ and 0.00001014$.
- Recent performance:
- Up +6.5% over the past week, but down -12.86% monthly.
- Market capitalization: 4.23 billion$, with a 24-hour trading volume of 623 million$.
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⚖️ Support and resistance levels
- Pivot Points:
- Immediate support: 0.00000997$ (S1).
- Immediate resistance: 0.00001007$ (R1) and 0.00001013$ (R2).
- Strongest support: 0.00000987$ (S3).
- Psychological levels:
- Breakout at 0.00001014$ (daily high) could trigger a rise towards 0.00001078$.
- Strong long-term support at 0.00000776$.
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💡 Recommendations based on trading patterns
- Day traders:
- Buy on breakout at 0.00001007$, with a short target at 0.00001014$, and stop loss at 0.00000995$.
- Taking advantage of short-term bullish momentum (RSI and Stochastic signals).
- Swing traders:
- Wait at resistance 0.00001013$, where the price may face selling pressure. Buy on a rebound from support 0.00000997$.
- Long-term investors:
- Caution due to negative monthly volatility (-12.86%) and bearish trend in weekly MACD.
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✅ Summary
- Short-term trend: 📈 Moderately bullish, supported by momentum indicators (RSI, STOCH) and short moving averages.
- Long-term trend: ⚠️ Caution due to negative monthly performance and conflicting technical indicators.
- Optimal strategy: Buy on breakout of immediate resistance with a strict stop-loss in place. Close monitoring of whale activity and market news.
#BreakoutTradingStrategy
