PEPE/USDT – 1H – SELLThe currency pair jumps from the bullish trendline down.
A bearish descent down to the next support at 0.000007300 is considered certain.
Caution: A possible change in the direction of resistance at 0.000007830 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 7.20326E-6 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.000007830 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000008200 |
| 2nd High | 0.000008060 |
| Next High | 0.000007830 |
| Current Price | 0.000007430 |
| Next Low | 0.000007300 |
| 2nd Low | 0.000007210 |
| 3rd Low | 0.000006970 |