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PEPE/USDT 1H Analysis: Bearish Momentum Continues
Pepe / USDT
PEPE/USDT 1H Analysis: Bearish Momentum Continues
Oleh BulldogNL
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PEPE/USDT 1H Analysis: Bearish Momentum Continues
Current price: $0.00001605, down 0.19%, reflecting strong bearish pressure.
Support and resistance:
Immediate support: $0.0000155 – potential short-term relief zone.
Key resistance: $0.0000177 – acting as a barrier for recovery attempts.
Recent price action:
Clear breakdown from the equilibrium zone, with price falling through multiple support levels.
Consecutive red candles breached the POL (Point of Loss) level, signaling persistent selling pressure.
Volume profile:
Indicates an ongoing distribution phase, with sellers dominating the market.
Trade setup:
Rated 3/10 for longs – current conditions are unfavorable for bullish entries.
Best to wait for:
A clear reversal signal.
Formation of a double bottom around key support zones.
Market outlook: Bearish sentiment dominates until price reclaims resistance at $0.0000177 or shows signs of accumulation.
What’s your perspective on this bearish structure? Drop your insights below! 📉👀
Chart Patterns
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PEPEUSDT
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BulldogNL
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