PEPE/USDT 1H: Bulls Gearing Up for a Reversal!

PEPE/USDT 1H Chart Analysis

Current Price: $0.00001528

Market Structure:

• Bearish trend with lower highs and lower lows.
  
• Consolidation phase near potential reversal zone.
  

Smart Money Analysis:

• Distribution phase evident after the recent high at $0.000021.
  
• Multiple Break of Structure (BOS) confirmations to the downside.
  
• RSI indicating bullish divergence, suggesting potential reversal.
  

Trade Setup (Confidence Level: 7.5/10):

• Entry Zone: $0.00001500-$0.00001528
  
• Targets:
  
• T1: $0.00001650
  
• T2: $0.00001750
  
• Stop Loss: Below $0.00001450
  

Market Maker Activity:

• Accumulation signals at current price levels.
  
• Selling volume exhaustion indicates a possible shift in momentum.
  
• Discount blocks formed, highlighting a likely reversal area.
  

Key Observations:

• RSI bullish divergence supports a reversal setup.
  
• Smart money appears to be accumulating in preparation for a potential upside move.
  

Recommendation:

• Consider a long position within the entry range, keeping tight stops.
  
• Monitor volume and breakout confirmations for sustained bullish momentum.
  
• Confidence Score: 7.5/10 for a cautious bullish setup.