PEPE/USDT – 30M – SELLThe pair goes from the bullish trendline downwards
A descent down to the next support line at 0.000007950 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000008700 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 through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 8.47108E-6 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000008700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000009860 |
| 2nd High | 0.000009350 |
| Next High | 0.000008700 |
| Current Price | 0.000008550 |
| Next Low | 0.000007950 |
| 2nd Low | 0.000007730 |
| 3rd Low | 0.000007710 |