$PEPE/USDT - Meme coin testing the critical MA60 pivot
PEPE is trading at a price of $0.00000506, up by +2.22%, in a precise test of the MA60 level at $0.00000503. As a 'popular' meme coin, it shows high volatility and significant interest. The current volume has sharply declined compared to its very high short-term averages, raising questions about the strength of this movement. The asset shows a mixed overall picture with recent gains (30 days: +28.43%) but long-term declines (90 days: -29.82%). The convergence at MA60 creates a critical technical pivot.
Key levels:
Support: $0.00000486 (24-hour low)
Resistance: $0.00000531 (24-hour high)
Pivot: $0.00000503 (MA60 and current price)
Trading idea (playing on the pivot - highly volatile asset):
Long entry condition (on breakout): $0.00000505 - $0.00000510 (upon breakout and confirmed hold above MA60)
Stop loss: $0.00000495
Profit targets: TP1: $0.00000520 | TP2: $0.00000531
Short entry condition (on rejection): $0.00000502 - $0.00000504 (upon price rejection from MA60, failed to hold)
Stop loss: $0.00000515
Profit targets: TP1: $0.00000495 | TP2: $0.00000486
