🐸 PEPE/USDT: Possible reversal after decline📈
On the hourly chart of PEPE/USDT, a price decline is observed with the formation of local support at the level of 0.0000393. Technical indicators suggest potential for reversal:
RSI and Stochastic are in the oversold zone.
MACD shows a slowdown in the downward momentum.
The current situation creates opportunities for careful long entries.
💰Trading plan
📈Main scenario: Long
🎯Targets:
1st: 0.0000405 (+2.5%)
2nd: 0.0000417 (+4.25%)
3rd: 0.0000430 (+7.5%)
➡️Entry points:
Conservatively: upon breaking 0.0000400 with consolidation.
Aggressively: at the current level from local support.
⛔️Stop-loss: 0.0000385
📌Oversold signals and the slowdown of the downward trend give a chance for a bounce. Choose your entry strategy carefully and don’t forget about risk management.
Spot trading 👉$PEPE
Futures👇
