1000PEPEUSDT.P trade ideas
Alikze »» 1000PEPE | Pull Back to the broken structure🔍 Technical analysis: Pull Back to the broken structure
- In the frame time frame, a five -wave cycle has completed the upward movement.
- It is currently moving in a mid -time uptrend.
- After several reactions to the major roof, it eventually faces pressure in the middle of the channel and is now on the uptreen floor.
- This short return can continue the correction after the money to the broken structure, by failing the channel to the origin of the Movement and the Buyer Zone.
💎 Alternative scenario: can test the fiber range of 2.618 and the middle of the channel if it can break the supply area.
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BINANCE:1000PEPEUSDT.P
Phemex Analysis #5: 1000PEPE_ Resistance, Support & Trade Ideas.Since October, PHEMEX:1000PEPEUSDT.P has been a standout performer in the bull market, showcasing an impressive gain of 2,300% (from $0.000747 on October 23rd, 2023, to $0.0172 on May 27th, 2024). However, recent market signals indicate a potential deceleration. The formation of a lower high on June 26th and a significant decline in the Relative Strength Index (RSI) suggest weakening price strength, culminating in a notable drop to $0.0076 last week.
This development necessitates a comprehensive reassessment of the technical landscape, with a specific focus on critical support and resistance levels that are pivotal for informed trading decisions.
Resistance Levels:
Understanding resistance levels is essential for anticipating zones where selling pressure may intensify, potentially halting or reversing the current uptrend. Here are the identified resistance levels for PHEMEX:1000PEPEUSDT.P :
$0.0117 (Weak resistance): This level represents a modest obstacle where price might temporarily pause before potentially resuming its upward trajectory.
$0.0127 (Medium resistance): A more significant barrier that could trigger a temporary consolidation or pullback in price.
$0.0139 (Strong resistance): This level presents substantial resistance and may require robust buying activity to surpass.
$0.0158 (Strongest resistance): The highest resistance identified, indicating a formidable barrier where sustained buying pressure is needed for further upward movement.
Monitoring these levels is critical for detecting potential signs of exhaustion or reversal, particularly if repeated attempts to breach these levels prove unsuccessful.
Support Levels:
Conversely, support levels denote areas where buying interest is expected to emerge, potentially leading to price stabilization or a rebound. Here are the identified support levels for PHEMEX:1000PEPEUSDT.P :
$0.0076 (Weak support): A minor support level capable of temporarily arresting downward movements.
$0.0059 (Medium support): A more substantial support level where significant buying activity could help stabilize the price.
$0.0046 (Strong support): Represents a critical level historically associated with strong buying interest, often triggering significant price rebounds.
$0.0039 (Strongest support): The most robust support level identified, indicating a solid foundation where price has consistently found buyers in the past.
These support levels are pivotal for identifying potential entry points for long positions, especially when price approaches these levels and shows signs of stability or reversal.
Trading Ideas:
Armed with a clear understanding of these key support and resistance levels, traders can implement effective strategies tailored to current market conditions:
Long Position Strategy: Consider initiating long positions when the price consolidates near a strong support level, indicating potential for a rebound and continuation of the uptrend.
Short Position Strategy: Look for opportunities to initiate short positions as price approaches strong resistance levels and displays signs of exhaustion or reversal, such as the formation of a third top combined with RSI divergence.
Advanced Strategy - Neutral Grid Bots: For traders with advanced technical skills, deploying neutral grid bots can provide a strategic advantage. These bots are designed to capitalize on price fluctuations within a specified range, enabling traders to benefit from both upward and downward movements without committing to a single directional bias.
By integrating these strategies into their trading approach, intermediate traders can effectively navigate market volatility and capitalize on opportunities presented by key support and resistance levels.
Note: Do check out Phemex website for our Neutral Grid Bots that is specially crafted for Sophisticated, Advanced Traders, like you.
Disclaimer: This article is intended for educational purposes only and does not constitute financial or investment advice. Readers are encouraged to conduct their own research (DYOR) and consider their financial situation and risk tolerance before making any investment decisions. Phemex does not assume responsibility, directly or indirectly, for any potential damage or loss incurred or claimed to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in this article.
#1000PEPEUSDT #4h (ByBit) Descending trendline breakout & retestPepe The Frog just regained 50MA support and is pulling back to it, seems to be heading towards 200MA resistance after.
⚡️⚡️ #1000PEPE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (5.0X)
Amount: 5.0%
Current Price:
0.0116140
Entry Targets:
1) 0.0114203
Take-Profit Targets:
1) 0.0132591
Stop Targets:
1) 0.0104987
Published By: @Zblaba
CRYPTOCAP:PEPE BYBIT:1000PEPEUSDT.P #Pepe #Meme pepe.vip
Risk/Reward= 1:2.0
Expected Profit= +80.5%
Possible Loss= -40.3%
Estimated Gaintime= 1 week
#1000PEPE double bottom structure established📊#1000PEPE double bottom structure established✔️
🧠From a structural perspective, we have successfully constructed a double bottom bullish structure, which means that we have a high probability of using this structure to reverse the downward trend. At the same time, we successfully broke through the downward trend line, which means that the previous correction phase caused by the double top bearish structure is over.
🔥So, if there is a nice pullback, we can stay optimistic and call the bulls. 📈
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:1000PEPEUSDT.P
#1000PEPE Potential Head and Shoulders Structure📊#1000PEPE Potential Head and Shoulders Structure
🧠We are once again standing on the support area. If we can successfully break through the inflection point 0.0122489, it means that the bullish head and shoulders structure has been established, which means that we will most likely reverse the downward trend and start a new round of surge. Otherwise, continue to wait patiently to enter the buying zone at the daily level.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:1000PEPEUSDT.P
PEPE/USDT LOOKS READY FOR A BIG MOVE!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
PEPE looks good here. It gives many bullish signs here like:
1) It is bouncing from the support which is previously acted as a resistance.
2) Also, forming a bull flag-like structure and currently trading inside the flag.
3) If you look at the previous day's candle then it formed a nice bullish hammer candlestick which gives a bullish signal.
Overall it looks bullish. I'm expecting a minimum of 2x-3x from here. Accumulate some here and add more in the dip.
Entry range:- $0.0106-$0.0116
Target:- 200-300%
Invalidation:- Daily close below $0.01
Let's Discuss!
What are your thoughts on PEPE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
#1000PEPE potential double bottom structure📊#1000PEPE potential double bottom structure 📈
🧠From a structural point of view, we have stayed near the neckline buying area for a long time, which shows that the support effect here is very strong. And there is an opportunity here to build a double bottom bullish structure, which will be established after breaking through the blue inflection point.
➡️Because it is difficult to fall, we no longer persist in looking forward to the ideal short target, so we closed the short order we held. Congratulations to all the friends who followed Wolf King to print money. 💰🍻
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BINANCE:1000PEPEUSDT.P
#1000PEPE weekly level adjustment appears📊#1000PEPE weekly level adjustment appears📉
🧠From a structural perspective, we have achieved the daily-level target and the weekly-level target, so it is very reasonable for the corresponding level correction to occur. At the same time, we have constructed a bearish double top structure near the target area. The ideal target area for this structure is 0.0090788-0.0065456.🔥
➡️At present, we have reached the neckline and the upward trend line and regained support. It is reasonable for a rebound to occur. Judging from the level of correction, this adjustment should not be over yet, so please be cautious in the bullish call. ⚠️
➡️From the perspective of wave theory, if this upward trend ends, then we should at least fall below microwave 4 or the upward trend support line.
🔥Therefore, after locking in the main profit, the short position we hold will use a small part of the position to look forward to the realization of the ideal buying zone. Congratulations to all the friends who followed Wolf King to print money and received generous rewards. 🎉💰🚀🌕
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BINANCE:1000PEPEUSDT.P
PEPE - Breakout or Fakeout ? $BINANCE:1000PEPE (1D CHART) Technical Analysis Update
PEPE is currently trading at $0.0081162 and showing overall bullish sentiment after the breakout, if this breakout hold then we have good chance a price pumping.
If this is a fakeout then the price can break the support zone and fall more.
Overall we are looking at solid breakout with potential a for a good long trade.
Entry level: $ 0.0081479
Stop Loss Level: $ 0.0074780
TakeProfit 1: $ 0.0096355
TakeProfit 2: $ 0.0119873
TakeProfit 3: $ 0.0158114
TakeProfit 4: $ 0.0210186
Max Leverage: 3x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
1000PEPEUSDT: Bearish Trend (Head & Shoulder Pattern)Currently 1000PEPE is forming HHs and HLs but on the 30mint time frame there is a strong Bearish Divergence and 1000PEPE could not break the previous HHs and forming Head and Shoulder pattern, so for the confirmation of the bearish trend we will wait for the break of the HLs and nick line then take a short entry.
📊#PEPE bullish cup-and-handle structure📈🧠Our resistance zone digested most of the selling pressure after a long period of consolidation, and finally formed a bullish cup-handle structure. The next target that needs to be focused on is marked on the chart. When reaching the target, remember to lock in profits in time to prevent the risk of a pullback.
Don’t forget risk management💯
✔️Trade safe✔️
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👋follow me. Learn about further structural evolution💕
📊#pepe target area achieved, be wary of callbacks⚠️🧠From a structural point of view, we have reached the target area of the weekly level and the daily level. This is regarded as the heaviest resistance area. There is a risk of pullback in the short term. Remember to lock in the main profit or close the position. It is reasonable.✔️
➡️From a wave theory perspective, Main Wave 5 may have ended with a mini-pulse wave
🔥The first support area can be focused on near the neckline
Don’t forget risk management💯
✔️Trade safe✔️
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BINANCE:1000PEPEUSDT.P