PEPE Eyes $0.00002000: Bullish Momentum Builds Above!
2025-01-16
Category: None

PEPE/USDT 4H Chart Analysis
Equilibrium established: PEPE is stabilizing at $0.00001867 after a bounce from the discount zone, showing signs of bullish momentum supported by RSI.

Current price: $0.00001867.

 
 Key levels:
 

 
 Support:
 POL (Point of Loss): $0.00001700.
 POH (Point of Hold): $0.00001750 (key level for continued bullish structure).
 Resistance: $0.00002100 (premium zone, key breakout target).
 Momentum shift: RSI indicates a bullish reversal, aligning with the recent bounce from the discount zone.
 

 
 Trade setup:
 

 
 Entry: Current level ($0.00001867) or on a pullback near $0.00001750 (POH).
 Target: $0.00002000 (short-term resistance level).
 Stop loss: Below $0.00001700 (POL) to minimize risk.
 Risk-to-reward: Favorable setup, especially if price holds above POH.
 Confidence level: 7/10 for bullish continuation.
 

 
 Considerations:
 

 
 Support test: Ensure price holds above POH ($0.00001750) to validate bullish continuation.
 Momentum confirmation: Monitor RSI and volume for sustained upward pressure.
 Resistance reaction: Be cautious around $0.00002100; strong resistance could trigger a pullback.
 
This setup suggests a potential upside to $0.00002000, provided support levels hold. Tight risk management is essential near volatile zones.