PEPEUSDT SPOT
Short
Updated

PEPEUSDT ( UNDER BEARISH PRESSURE ) ( 4H )

PEPEUSDT

HELLO TRADERS

  • TENDENCY : the price stabilizing below turning level , indicates is under bearish pressure

  • TURNING LEVEL : around 0.000009 , know worked a resistance level , because the price stabilizing below this level refers active short condition, but if breaking a turning level worked change to a support level , refers active a long condition

  • PRICE MOVEMENT : the price in previously attempt to breaking a channel but failed , again it will trying to reach a support level for breaking a channel but failed , after rising trying to breaking a turning level but stabilizing below this , know the price again trying to reach a support level , if the trade below this level can be breaking a channel , but if the breaking a turning level reach a resistance level


SHORT CONDITION : as long as the price trading below turning level around 0.00009 , reach a support level at 0.000007 , breaking this level a stabilizing below this reach a next support level at 0.000006 after may be breaking channel

LONG CONDITION :if the price breaking turning level by open 4h or 1h candle above 0.000009 , reach a resistance level at 0.000011 , the breaking this level reach a 0.000012

TARGET LEVEL :
  • RESISTANCE LEVEL : 0.000011 , 0.000012
  • SUPPORT LEVEL : 0.000007 , 0.000006
Trade active
snapshot
reach a target , know stabilizing above resistance level at 0.000011 , retest this level , after rising

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