PEPE bounced from the demand zone and is pushing into the weekly downtrend line. Plan is to wait for a clean breakout, then ride momentum higher instead of guessing the reversal early.
Entry (long):
👉 Anywhere inside / just above the grey box, around 0.00000034–0.00000038.
Stop‑loss:
❌ Below the demand zone and last wick low, around 0.00000030.
Take‑profit:
🎯 At, or slightly below, the blue trendline resistance, around 0.00000048–0.00000052.
DISCLAIMER
The plan is a short‑term long from support into that trendline, but this is a counter‑trend move and therefore high risk, it should be treated with extra caution and small size.
Entry (long):
👉 Anywhere inside / just above the grey box, around 0.00000034–0.00000038.
Stop‑loss:
❌ Below the demand zone and last wick low, around 0.00000030.
Take‑profit:
🎯 At, or slightly below, the blue trendline resistance, around 0.00000048–0.00000052.
DISCLAIMER
The plan is a short‑term long from support into that trendline, but this is a counter‑trend move and therefore high risk, it should be treated with extra caution and small size.
Trade chiuso: obiettivo raggiunto
✅ Pattern target reachedPrice hit 0.00007 as suggested by the bar pattern even though the weekly downtrend line wasn't touched. The pattern identified this level as the initial objective, and it was front-run by aggressive buyers before any trendline break.
Even though the trendline hasn’t been reached (yet), I decided to lock in profits here, since this was the base‑case target and price effectively front‑ran that scenario.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.