🐸PEPEUSDT: Price has dropped to key support — preparing for movement
PEPE reached an important zone 0.00000437–0.00000439, where there is a strong support level. After a sharp decline, the price broke through all EMAs, which strengthened the bearish momentum. However, indicators are already showing the first signs of a possible rebound.
Brief overview of indicators
EMA21/50/99: price is below all averages — the trend is downward.
RSI(14): 30 — approaching the oversold zone, a local rebound is possible.
MACD: in the negative zone, the downward momentum is still active.
Stoch RSI: in the lower zone, preparing for a reversal.
Main level
Support 0.00000437 — the key zone that determines the further movement of the pair.
💰Trading plan
Main scenario — rebound from support (70%)
If the level 0.00000437 holds:
🎯 Targets:
0.00000450 (+2.5%)
0.00000455 (+4%)
0.00000460 (+6%)
📌 Entry: 0.00000437–0.00000440
🛑 Stop-loss: 0.00000431
Alternative scenario — breakdown down (30%)
If the candle closes below 0.00000437:
🎯 Target: 0.00000427
It is advisable to place the stop above 0.00000445.
📌Conclusion
PEPE is at strong support, and the market is close to a reversal, but confirmation is not yet there. We are monitoring 0.00000437 — it will determine whether there will be a rebound or a continuation of the decline.
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