PEPE/USDT – 1H – SELLThe currency pair goes from the ascending trendline down.
A bearish movement downwards to the next support at 0.000007730 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.000008480 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 7.75E-6 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000008480 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000009350 |
| 2nd High | 0.000008510 |
| Next High | 0.000008480 |
| Current Price | 0.000008020 |
| Next Low | 0.000007730 |
| 2nd Low | 0.000007710 |
| 3rd Low | 0.000006990 |