PEPE/USDT – 30M – SELLThe pair jumps from the bullish trendline down.
The bearish trend down to the next support level at 0.000008930 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.000009220 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 8.99E-6 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.000009220 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000010090 |
| 2nd High | 0.000009820 |
| Next High | 0.000009220 |
| Current Price | 0.000009070 |
| Next Low | 0.000008930 |
| 2nd Low | 0.000008760 |
| 3rd Low | 0.000008430 |