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$PEPE – The Bulls Are Trying to Push the Price Higher
$PEPE is currently trading at 0.000000979 (+6.07%), close to the 24h high of 0.000000982, after recovering from the 24h low of 0.000000920. The buy/sell ratio is currently quite balanced (49% buy – 51% sell), indicating that market sentiment is somewhat hesitant at this price range.
This means that investors are observing, not strongly deciding between whether to continue buying or take profits. However, the recent recovery still shows that the bulls are making efforts to control the market.
📈 Long-Term Trading Strategy (Long Trade)
• Entry Zone (: 0.000000975 – 0.000000980
• Goal 1 )TP1(: 0.000000990
• Goal 2 )TP2(: 0.000001010
• Objective 3 )TP3(: 0.000001030
• Stop Loss point )Stop Loss – SL(: 0.000000955
🔍 Detailed Analysis
Important resistance:
• The level 0.000000985 is a key price area. If $PEPE breaks and closes above this level, it is highly likely to trigger a stronger upward momentum, aiming for higher targets )TP2, TP3(.
Short-term support:
• In the case that $PEPE does not surpass the area of 0.000000985, the price may drop to the support zone of 0.000000960–0.000000955, where buyers may return to accumulate.
Market psychology:
• The buy/sell ratio being nearly balanced indicates that the market is lacking decisiveness. Investors should watch the price movements around the 0.000000975–0.000000985 level to confirm the next direction.
⚠️ Risk Warning
• The $PEPE trading remains highly volatile, therefore the SL should be set strictly to limit losses.
• You should monitor trading volume and breakout signals to timely decide to enter or exit a trade.