PEPE/USDT Analysis: Potential for a Strong Upside Move 📈🚀
The 1-hour chart for PEPE/USDT on Binance displays a pullback pattern following a recent upward impulse. This setup suggests a potential continuation of the bullish move if certain levels hold.
Key Levels and Setup:
Current Price: Trading around 0.00002237 USDT.
Fibonacci Retracement: The pullback has touched the 0.618 Fibonacci level, a common area for a potential bounce.
Target Level: 0.00003119 USDT – This target represents a possible 49% upside from the current price, should the bullish momentum resume.
Stop Loss: Positioned at 0.00001822 USDT – This level acts as protection if the price drops further, indicating a failed bullish setup.
Technical Outlook:
If PEPE holds above the 0.618 Fibonacci level and gains buying volume, it could initiate a strong upward move toward the target. Patience is recommended to confirm the trend continuation.
#PEPEUSDT 🚀 #CryptoBreakout 📈 #FibonacciRetracement #CryptoTrading #BullishSetup
The 1-hour chart for PEPE/USDT on Binance displays a pullback pattern following a recent upward impulse. This setup suggests a potential continuation of the bullish move if certain levels hold.
Key Levels and Setup:
Current Price: Trading around 0.00002237 USDT.
Fibonacci Retracement: The pullback has touched the 0.618 Fibonacci level, a common area for a potential bounce.
Target Level: 0.00003119 USDT – This target represents a possible 49% upside from the current price, should the bullish momentum resume.
Stop Loss: Positioned at 0.00001822 USDT – This level acts as protection if the price drops further, indicating a failed bullish setup.
Technical Outlook:
If PEPE holds above the 0.618 Fibonacci level and gains buying volume, it could initiate a strong upward move toward the target. Patience is recommended to confirm the trend continuation.
#PEPEUSDT 🚀 #CryptoBreakout 📈 #FibonacciRetracement #CryptoTrading #BullishSetup
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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.
Subscribe to my Telegram Channel 👉 :
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Subscribe to my X 👉 : x.com/VIPROSETR
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.