Based on the latest 4-hour K-line chart, PEPE is currently near the support area after experiencing a previous rebound, showing certain stabilization signals. Combining the moving average system, trading volume, and intuitive technical indicators, today's operational suggestion is to primarily open long positions, with the following specific analysis and trading strategy.
1. Trend judgment
Short-term trend: the price is stabilizing around 0.0195, and has the potential for further rebound after a short-term pullback to support.
Among the trends: the price has broken through the 7-day and 30-day moving averages forming a bullish crossover, indicating that short-term upward momentum is expected to gain.
2. Support and resistance
Support level:
First support level: 0.0195 (intersection of previous oscillation platform and 7-day moving average)
Support support level: 0.0188 (near the 30-day moving average, providing stronger support)
Resistance level:
First resistance level: 0.0208 (yesterday's high point area)
Second resistance level: 0.0215 (previous downward pressure zone)
3. Trading volume and momentum
Recently, during the rebound process, trading volume has increased, indicating that bullish strength in the market has strengthened. The MACD indicator continues to rise, with the DIF line and DEA line operating above the zero axis, indicating that bullish momentum is dominant.
4. Moving average system
The 7-day moving average (0.0197) and the 30-day moving average (0.0188) have formed a golden cross, supporting a short-term rebound. The 100-day moving average (0.0211) is a resistance above, but the probability of a breakthrough in the short term is high.
Yesterday's review
Yesterday, the PEPE price started to rise from the 0.0190 region, with bullish momentum pushing the price to break through the 0.0200 level, closing near 0.0204 at the end of the trading session, with bullish strength still prevailing. Combining technical analysis with yesterday's performance, PEPE is expected to run on the bullish side today, with targets testing resistance at 0.0208 and 0.0215.
Today's directional forecast: bullish rebound, testing resistance
Opening position range: 0.0195-0.0197 (gradually opening long positions near the support area)
First take-profit level: 0.0208 (yesterday's high point area, bullish profit target)
Second take-profit level: 0.0215 (previous downward pressure zone, completing main target)
Stop-loss level: 0.0188 (decisively stop-loss and exit if it falls below the 30-day moving average)
If the price retraces to the 0.0195-0.0197 range, consider gradually opening long positions; if it breaks through 0.0205 and is expected to increase volume, consider chasing long. Lock in some profits near 0.0208; if the price continues to rise, hold the remaining position until the 0.0215 target. If the price drops below 0.0188 and simultaneously increases in volume, decisively stop-loss and exit.
The moving average system and MACD indicator both show a short-term price rebound trend, with bullish momentum increasing. The RSI is in the neutral zone, providing further upside potential. The opening of positions near the support level ensures the safety of the layout, with take-profit and stop-loss settings being reasonable, and risk controlled within the range of 200-300 points. If the price effectively breaks through the 0.0208 resistance, bulls may further push the price up to the 0.0215 area. Market volatility may be influenced by sudden news, requiring constant attention to the overall market and changes in sentiment. Strictly execute the stop-loss plan to avoid losses from unexpected price corrections.
Is the short-term volatility a trap or a selection opportunity? PEPE is about to face it! Follow the expert for professional analysis to reveal the answer!
