PEPE/USDT – 1H – SELLThe pair jumps from the bullish trendline down.
A descending movement downwards to the next support level at 0.000007080 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000007650 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 7.06E-6 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000007650 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000008060 |
| 2nd High | 0.000007830 |
| Next High | 0.000007650 |
| Current Price | 0.000007240 |
| Next Low | 0.000007080 |
| 2nd Low | 0.000007060 |
| 3rd Low | 0.000006970 |