PEPE/USDT 1H: Bearish Consolidation Reversal –Target 0.00000970
PEPE/USDT 1H: Bearish Consolidation Reversal – Next Target 0.00000970?
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Current Market Condition:
Market Maker Activity:
Key Levels:
Trade Setup (Confidence 7/10):
Risk Score:
Recommendation:
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Current Market Condition:
- Price currently at 0.00000928 in a bearish consolidation following a significant drop.
- RSI at 46, showing neutral momentum.
- Hidden bullish divergence is forming on RSI while price makes lower lows.
Market Maker Activity:
- Accumulation is evident in the 0.00000890-0.00000920 zone with multiple tests, indicating MM buildup before the next leg up.
Key Levels:
- Support: 0.00000890
- Resistance: 0.00000970
- Current Price: 0.00000928
Trade Setup (Confidence 7/10):
- Entry: Consider a long entry at 0.00000920 with tight stops.
- Targets:
- T1: 0.00000950
- T2: 0.00000970
- Stop Loss: Place at 0.00000885.
Risk Score:
- 6/10 – Favorable risk-to-reward, but waiting for confirmation above 0.00000940 may offer a safer entry.
Recommendation:
- Long positions are recommended given the MM accumulation and hidden bullish divergence.
- Monitor for confirmation above 0.00000940 before fully committing.
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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.
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.