PEPE/USDT – 4H – SELLThe combination goes from the ascending trendline downwards
A descent down to the next support line at 0.000008330 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000011970 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 the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 8.05572E-6 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000011970 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000011970 |
| Current Price | 0.000009170 |
| Next Low | 0.000008330 |
| 2nd Low | 0.000007730 |
| 3rd Low | 0.000006990 |