đš $PEPE /USDT SET FOR A CRUCIAL MOVE! WILL IT BREAK OUT OR BREAK DOWN? đ
Attention traders! The $PEPE/USDT chart is heating up as it forms an ascending channel pattern on the 4-hour timeframe, with price consolidating just below key resistance. Currently trading at 0.00001047 USDT, this tight range signals that volatility could be just around the corner! Hereâs what you need to know:
đ Key Levels to Watch:
Resistance: The first major resistance level is at 0.00001057 USDT. A break above this could ignite a rally towards 0.00001150 USDTâthe long-term target for bulls looking for a continuation rally!
Support: On the downside, key support is at 0.00001010 USDT. If the price breaks below this level, expect a sharper decline, with short-term targets potentially hitting 0.00000950 USDT.
đ Entry Strategy:
Long Entry: Consider entering above 0.00001057 USDT, targeting 0.00001150 USDT with a stop loss at 0.00001030 USDT.
Short Entry: If the price breaks below 0.00001010 USDT, a short position targeting 0.00000950 USDT may be ideal, with a stop loss around 0.00001030 USDT.
đ Volume Insights:
Notice the low volume during this consolidation phaseâthis could be a precursor to a volatile breakout! Keep your eyes peeled for any volume surges as they will provide directional confirmation.
Current Price: 0.00001045 USDT (+0.57%)
Get ready for potential action as $PEPE positions itself for a decisive move! Stay sharp and happy trading! đ
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