PEPE/USDT 1H: Bulls Eye Oversold Reversal to $0.00001460!

PEPE/USDT 1H Chart Analysis (Smart Money Concepts)
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Current Price: $0.00001225

Market Structure:

• Bearish momentum with lower lows and lower highs.
  
• RSI: 30.81, oversold conditions indicating potential for a bounce.
  

Key Levels:

• Resistance: $0.00001460
  
• Support: $0.00001150
  
• Stop Loss: Above $0.00001280 (recent swing high).
  

Trade Setup (Confidence Level: 7/10):

• Entry Zone: $0.00001225 (current price).
  
• Targets:
  
• T1: $0.00001350
  
• T2: $0.00001460
  
• Hidden Bullish Divergence: Forming on RSI, suggesting accumulation and potential reversal.
  

Smart Money Analysis:

• Market makers likely accumulating at current levels following an engineered drop.
  
• Signs of liquidity building for a potential upward move.
  
• Risk Score: 6/10
  
• Decent risk/reward, but tight management required due to prevailing bearish trend.
  
• Confirmation needed with RSI breaking above 40 for stronger confidence.
  

Recommendation:

• Long position at current levels with tight risk management.
  
• Monitor volume and RSI for signs of reversal.
  
• Watch for breakout strength toward the resistance levels.
  
• Confidence Level: 7/10 for potential short-term bounce.
  

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