PEPE/USDT 1H: Bulls Eye Oversold Reversal to $0.00001460!
PEPE/USDT 1H Chart Analysis (Smart Money Concepts)
๐ Follow me on Tradingview if you respect our charts ๐
Current Price: $0.00001225
Market Structure:
Bearish momentum with lower lows and lower highs.
RSI: 30.81, oversold conditions indicating potential for a bounce.
Key Levels:
Resistance: $0.00001460
Support: $0.00001150
Stop Loss: Above $0.00001280 (recent swing high).
Trade Setup (Confidence Level: 7/10):
Entry Zone: $0.00001225 (current price).
Targets:
T1: $0.00001350
T2: $0.00001460
Hidden Bullish Divergence: Forming on RSI, suggesting accumulation and potential reversal.
Smart Money Analysis:
Market makers likely accumulating at current levels following an engineered drop.
Signs of liquidity building for a potential upward move.
Risk Score: 6/10
Decent risk/reward, but tight management required due to prevailing bearish trend.
Confirmation needed with RSI breaking above 40 for stronger confidence.
Recommendation:
Long position at current levels with tight risk management.
Monitor volume and RSI for signs of reversal.
Watch for breakout strength toward the resistance levels.
Confidence Level: 7/10 for potential short-term bounce.
๐ Follow me on Tradingview if you respect our charts ๐