PEPE/USDT – 4H – SELLThe currency pair jumps from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.000006990 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000008060 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 7.3388E-6 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.000008060 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000009860 |
| Next High | 0.000008060 |
| Current Price | 0.000008050 |
| Next Low | 0.000006990 |
| 2nd Low | 0.000006970 |
| 3rd Low | 0.000006560 |