Pepe / USDT
Long

PEPE/USDT 1H: Oversold & Accumulating – Reversal Incoming?

230
PEPE/USDT 1H Chart Analysis
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Market Condition:
  • Price: 0.00001064, showing strong bearish momentum.
  • Market Structure: Lower highs and lower lows confirm bearish trend.
  • RSI: 21.52, severely oversold with potential for a bounce.

Key Levels:
  • Major Resistance: 0.00001220 (Key breakout level).
  • Current Support: 0.00001000 (Psychological level).
  • Next Major Support: 0.00000950 (Critical discount zone).

Smart Money Analysis:
  • Market makers likely accumulating at discount zone below 0.00001000.
  • Hidden Bullish Divergence forming on RSI, suggesting a potential reversal.
  • Liquidity below 0.00001000 could be targeted before a bounce.

Risk Score:
8/10 (High-risk environment, approach with caution).
Recommendation:
  • 📌 Wait for confirmation before entering longs. Look for:
  • Price reclaiming 0.00001220.
  • Bullish divergence completion on RSI.
  • Volume spike confirming institutional buying.

Potential Long Setup If Reversal Happens:
  • Entry: Above 0.00001220 (only if confirmation is present).
  • Targets:
  • T1: 0.00001340.
  • T2: 0.00001420.
  • T3: 0.00001500.
  • Stop Loss: Below 0.00000950.

Confidence Level:
  • 7/10 for reversal play – monitor price action closely before entering.

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