🚀 Long Signal
$PEPE
I just established a small position in $PEPE after observing that the support level held. Here is my analysis:
Settings:
Price found strong support near 0.0032424 and rebounded slightly. After the decline, the 7-day moving average flattened out, and volume also began to stabilize, which is usually a signal of weakening selling pressure.
My cautiously bullish stance is based on:
· Price held above the 24-hour low of 0.0032424
· Volume decreased from 107 billion to 361 million, indicating reduced selling pressure
· The 99-day moving average provided support near 0.0032774
· Despite the price decline, it held the current level.
My plan:
The first target is 0.0033344 (25-day moving average). If momentum strengthens, the next resistance level is at 0.0035267. The stop-loss is set at 0.0032424 to control risk.
Is anyone else watching this rebound?
Please share your charts and thoughts below 👇
#PEPE #Meme #Trading #CryptoAnalysis $PEPE
{spot}(PEPEUSDT)