PEPE/USDT – 30M – SELLThe currency pair jumps from the bullish trendline downwards
A bearish trend down to the next support level at 0.000009370 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.000011170 should always be considered.
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 will persist. Current target is 1.027E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.000011170 should always be considered.
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 | 0.000011170 |
| Current Price | 0.000010620 |
| Next Low | 0.000009370 |
| 2nd Low | 0.000008800 |
| 3rd Low | 0.000008330 |