PEPE/USDT
2024-11-14

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


