Analysis for $PEPE $USDT 1D
- I expect a further drop for PEPEUSDT. The current structure is clearly bearish, with price consistently making lower highs and lower lows, and almost all key indicators (MACD, Stochastic, Momentum, RSI, PSAR, DMI) confirming the bearish trend.
- The price is sitting just above a key demand zone near 0.00000400 - 0.00000363. If there is a liquidity sweep below this area (like a wick that grabs stop-losses and quickly reclaims), I would look for a bullish reversal confirmation (such as a strong bullish engulfing candle or a pin bar) to consider a long entry targeting 0.00000507 and 0.00000569 as take profit levels.
- If there is no bullish reaction and price closes below 0.00000363, I expect continuation to the downside, potentially toward 0.00000340 and 0.00000300.
- Any long setup should only be considered after a clear manipulation and bullish confirmation at the demand zone. Otherwise, trend-following shorts are favored on lower timeframe pu...
