PEPE/USDT – 1H – SELLThe pair goes from the bullish trendline down.
The bearish trend down to the next support line at 0.000008580 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000009350 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 8.58E-6 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000009350 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000010360 |
| 2nd High | 0.000010120 |
| Next High | 0.000009350 |
| Current Price | 0.000008870 |
| Next Low | 0.000008580 |
| 2nd Low | 0.000008430 |
| 3rd Low | 0.000008330 |