PEPE/USDT 1H: Bearish Consolidation Reversal –Target 0.00000970

PEPE/USDT 1H: Bearish Consolidation Reversal – Next Target 0.00000970?
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Current Market Condition:

• Price currently at 0.00000928 in a bearish consolidation following a significant drop.
  
• RSI at 46, showing neutral momentum.
  
• Hidden bullish divergence is forming on RSI while price makes lower lows.
  

Market Maker Activity:

• Accumulation is evident in the 0.00000890-0.00000920 zone with multiple tests, indicating MM buildup before the next leg up.
  

Key Levels:

• Support: 0.00000890
  
• Resistance: 0.00000970
  
• Current Price: 0.00000928
  

Trade Setup (Confidence 7/10):

• Entry: Consider a long entry at 0.00000920 with tight stops.
  
• Targets:
  
• T1: 0.00000950
  
• T2: 0.00000970
  
• Stop Loss: Place at 0.00000885.
  

Risk Score:

• 6/10 – Favorable risk-to-reward, but waiting for confirmation above 0.00000940 may offer a safer entry.
  

Recommendation:

• Long positions are recommended given the MM accumulation and hidden bullish divergence.
  
• Monitor for confirmation above 0.00000940 before fully committing.
  

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