PEPE/USDT – 1H – SELLThe pair jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.000009630 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000010940 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 9.7338E-6 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000010940 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000011170 |
| 2nd High | 0.000011070 |
| Next High | 0.000010940 |
| Current Price | 0.000010170 |
| Next Low | 0.000009630 |
| 2nd Low | 0.000009370 |
| 3rd Low | 0.000008800 |