PEPE/USDT 1H: Distribution Pattern Signals Further Downside?!
2025-02-06
Category: None

PEPE/USDT 1H: Analysis
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 Current Market Structure: 
 
 Price at $0.00000986, continuing within a bearish structure of lower highs and lower lows.
 RSI at 40.34, indicating neutral to bearish momentum with no oversold conditions yet.
 
 Smart Money Concepts: 
 
 Distribution phase is evident, with declining volumes reinforcing bearish continuation.
 Hidden bearish divergence on RSI further supports downside bias.
 Accumulation likely around $0.00000900 as Smart Money targets lower liquidity levels.
 

 Key Levels: 
 
 Resistance: $0.00001050 (previous support turned resistance).
 Support: $0.00000950 (next key level).
 Stop Loss: Above $0.00001100 (recent swing high).
 Targets:
 T1: $0.00000900 (short-term target).
 T2: $0.00000850 (extended target).
 
 Risk Score: 
 
 7/10 – High-risk environment due to bearish continuation, but clear levels for invalidation.
 
 Market Maker Intent: 
Smart Money appears to be offloading positions, as distribution patterns emerge.
Liquidity below $0.00000950 and $0.00000900 could act as magnet levels for the next move.
 Recommendation: 
 
 Short entry favorable at the current price of $0.00000986.
 Maintain stops above $0.00001100 to limit losses in case of invalidation.
 Monitor for a break below $0.00000950 for confirmation of extended downside.
 
 Confidence Level: 
 
 7/10 – Bearish continuation supported by technical and volume analysis.
 
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