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Based on the current PEPE Technical Analysis, provide Futures Trading strategies:
📊 Current Price: $0.00001053
🔴 Short selling strategy is better
The Super Trend Indicator shows a "short" signal on both the 1-hour and daily charts.
Price is below all EMA moving averages (12, 20, 55)
The RSI is in the weak range of 42.75.
MACD Histogram Turns Negative
📈 Specific operational suggestions:
Short Entry: 0.00001060-0.00001070 range
Stop Loss: 0.00001090 (Resistance Level Above)
Target Price:
First target: 0.00001030
Second target: 0.00001000
⚠️ Risk Management:
It is recommended to control the position to 10-15% of the total capital.
Strictly implement stop-loss to avoid holding positions.
Pay attention to the changes in trading volume, which is currently showing a downward trend.
🎯 Key Observation Points:
The lower band of the Bollinger Bands near 0.00001049 may have short-term support, but the overall trend is bearish. The 24-hour decline is 1.52%, and the 7-day decline is 6.61%, continuing the weak pattern.
#PEPE# #MLP#