Review of PEPE/USDT on the 4H Timeframe
2024-12-11
Category: None

Hello, friends! 👋 Today, let’s analyze what’s happening with PEPE on the 4-hour chart. Let’s dive in! 📊

📈  Analysis of the Current Market Situation 
	•	 Trend : The asset was in an uptrend channel but is now undergoing a correction amid a loss of momentum. 📉

 Key Levels :
	•	 Resistance : 0.00002500 USDT. The breakout of this level was unsuccessful, and the price retreated.
	•	Support: 0.00002150–0.00002000 USDT (marked as “WEAK SUPPORT”). If the price reaches this level, a rebound is possible.
	•	Volume: Current volumes (66.25T) are higher than the monthly average (54.81T), indicating high participant activity. 💥

🔍  Indicator Signals 
	1.	Midas Up:
	•	Buy signals (4) and (6) visible on the chart previously supported the growth.
	•	However, the latest “Take” warning near resistance confirms profit-taking. 🟡

	2.	Oscillators:
	•	RSI is in the overbought zone, signaling potential further correction.
	•	Momentum is slowing, increasing the likelihood of consolidation or decline.

📊  Price Movement Forecast 
 Probabilities: 
	•	Growth: 40%. Condition — breakout of 0.00002500 with subsequent consolidation.
	•	Decline: 60%. The price may retrace to support at 0.00002150 before attempting new growth.
	•	Justification:
Corrective pullback after strong growth. RSI and profit-taking signals confirm temporary weakness among buyers.

 💡 Recommendations and Conclusions 
	•	What I’m Doing: Waiting for a decline to the support zone of 0.00002150 and monitoring signals for a long entry. 🎯
	•	Warning: Consider the high risk in case of a support breakdown — this could intensify downward movement.

💬 What do you think of this analysis? Share your thoughts on where PEPE might go next!
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📌 P.S. I trade using the Midas Multi Indicator. You can get it for free—reach out on Telegram via the link below. 👇