PEPE/USDT 1H: Analysis
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Current Market Structure:
Smart Money Concepts:
Key Levels:
Risk Score:
Market Maker Intent:
Smart Money appears to be offloading positions, as distribution patterns emerge.
Liquidity below $0.00000950 and $0.00000900 could act as magnet levels for the next move.
Recommendation:
Confidence Level:
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Current Market Structure:
- Price at $0.00000986, continuing within a bearish structure of lower highs and lower lows.
- RSI at 40.34, indicating neutral to bearish momentum with no oversold conditions yet.
Smart Money Concepts:
- Distribution phase is evident, with declining volumes reinforcing bearish continuation.
- Hidden bearish divergence on RSI further supports downside bias.
- Accumulation likely around $0.00000900 as Smart Money targets lower liquidity levels.
Key Levels:
- Resistance: $0.00001050 (previous support turned resistance).
- Support: $0.00000950 (next key level).
- Stop Loss: Above $0.00001100 (recent swing high).
- Targets:
- T1: $0.00000900 (short-term target).
- T2: $0.00000850 (extended target).
Risk Score:
- 7/10 – High-risk environment due to bearish continuation, but clear levels for invalidation.
Market Maker Intent:
Smart Money appears to be offloading positions, as distribution patterns emerge.
Liquidity below $0.00000950 and $0.00000900 could act as magnet levels for the next move.
Recommendation:
- Short entry favorable at the current price of $0.00000986.
- Maintain stops above $0.00001100 to limit losses in case of invalidation.
- Monitor for a break below $0.00000950 for confirmation of extended downside.
Confidence Level:
- 7/10 – Bearish continuation supported by technical and volume analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.