PEPE/USDT – 30M – SELLThe pair jumps from the bullish trendline down.
A bearish trend downwards to the next support at 0.000009250 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.000010820 is also possible.
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 expected. Target of the current trend is 9.50738E-6 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.000010820 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011660 |
| 2nd High | 0.000011450 |
| Next High | 0.000010820 |
| Current Price | 0.000009740 |
| Next Low | 0.000009250 |
| 2nd Low | 0.000009150 |
| 3rd Low | 0.000008330 |