PEPE/USDT – 1H – SELLThe pair moves from the ascending trendline down.
A bearish descent downwards to the next support level at 0.000007950 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.000008800 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 8.265E-6 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000008800 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000009860 |
| 2nd High | 0.000009350 |
| Next High | 0.000008800 |
| Current Price | 0.000008280 |
| Next Low | 0.000007950 |
| 2nd Low | 0.000007730 |
| 3rd Low | 0.000007710 |