Pepe / USDTLong
PEPE/USDT 1H: Bulls Eye Oversold Reversal to $0.00001460!
PEPE/USDT 1H Chart Analysis (Smart Money Concepts)
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Current Price: $0.00001225
Market Structure:
- Bearish momentum with lower lows and lower highs.
- RSI: 30.81, oversold conditions indicating potential for a bounce.
Key Levels:
- Resistance: $0.00001460
- Support: $0.00001150
- Stop Loss: Above $0.00001280 (recent swing high).
Trade Setup (Confidence Level: 7/10):
- Entry Zone: $0.00001225 (current price).
- Targets:
- T1: $0.00001350
- T2: $0.00001460
- Hidden Bullish Divergence: Forming on RSI, suggesting accumulation and potential reversal.
Smart Money Analysis:
- Market makers likely accumulating at current levels following an engineered drop.
- Signs of liquidity building for a potential upward move.
- Risk Score: 6/10
- Decent risk/reward, but tight management required due to prevailing bearish trend.
- Confirmation needed with RSI breaking above 40 for stronger confidence.
Recommendation:
- Long position at current levels with tight risk management.
- Monitor volume and RSI for signs of reversal.
- Watch for breakout strength toward the resistance levels.
- Confidence Level: 7/10 for potential short-term bounce.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.