In this video, we analyze Pepecoin’s (PEPE) current price action using price action techniques and Elliott Wave Theory. With Pepecoin fluctuating around $0.00015, we discuss key support and resistance levels, along with potential price predictions. Can PEPE break through the $0.0002 resistance? Find out more in this detailed analysis!
Support Levels:
Primary Support: $0.00012
Secondary Support: $0.00010
Resistance Levels:
Immediate Resistance: $0.00017
Further Resistance: $0.0002
Elliott Wave Analysis:
Wave 1: The initial upward movement towards $0.00017 is part of Wave 1.
Wave 2: A pullback to $0.00013 could represent a corrective Wave 2.
Wave 3: A break above $0.00017 could signal the start of Wave 3, with a potential target around $0.0002.
Trading Strategy:
Buy: Enter a long position if Pepecoin breaks above $0.00017 with a bullish confirmation.
Stop Loss: Set your stop loss below $0.00012 to minimize risks.
Take Profit: First target at $0.00017, second target at $0.0002.
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Disclaimer:
This video is for educational purposes only and does not offer financial advice. Cryptocurrency markets are volatile, and prices can change rapidly. Always do your own research and consult with a financial advisor before making any investment decisions.
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