PEPE/USDT - Consolidation Before the Next Jump? 🐸
PEPE is holding steady around $0.00000402, trading neatly between its 7-period and 25-period MAs. With a tight 24h range and volume cooling off, this could be a classic consolidation before a volatility expansion. The meme coin is perched at a key decision point.
Trade Idea (Based on a Bullish Breakout):
· Entry Zone: $0.00000405 - $0.00000410 (Confirmation above current consolidation)
· Take-Profit Targets:
TP1: $0.00000430** (Initial swing high)
TP2: **$0.00000450 (Next key resistance)
· Stop-Loss: $0.00000390 (Below the 24h low and MA99 support)
The setup favors buyers if price can sustain above the MA cluster. A rejection here could see a retest of lower support. Given the meme coin volatility, position size carefully!
Ready for the next ribbit? Trade wisely!
#PEPE #PEPEUSDT #MemeCoin #TradingSignal #BinanceSquare
