PEPE/USDT 1H: Oversold & Accumulating – Reversal Incoming?

PEPE/USDT 1H Chart Analysis
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Market Condition:

• Price: 0.00001064, showing strong bearish momentum.
  
• Market Structure: Lower highs and lower lows confirm bearish trend.
  
• RSI: 21.52, severely oversold with potential for a bounce.
  

Key Levels:

• Major Resistance: 0.00001220 (Key breakout level).
  
• Current Support: 0.00001000 (Psychological level).
  
• Next Major Support: 0.00000950 (Critical discount zone).
  

Smart Money Analysis:

• Market makers likely accumulating at discount zone below 0.00001000.
  
• Hidden Bullish Divergence forming on RSI, suggesting a potential reversal.
  
• Liquidity below 0.00001000 could be targeted before a bounce.
  

Risk Score:
8/10 (High-risk environment, approach with caution).
Recommendation:

• 📌 Wait for confirmation before entering longs. Look for:
  
• Price reclaiming 0.00001220.
  
• Bullish divergence completion on RSI.
  
• Volume spike confirming institutional buying.
  

Potential Long Setup If Reversal Happens:

• Entry: Above 0.00001220 (only if confirmation is present).
  
• Targets:
  
• T1: 0.00001340.
  
• T2: 0.00001420.
  
• T3: 0.00001500.
  
• Stop Loss: Below 0.00000950.
  

Confidence Level:

• 7/10 for reversal play – monitor price action closely before entering.
  

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