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PEPE has recently formed a support zone between 0.0000069 and 0.0000074, with a recent low of 0.0000074. The token has also established a resistance level at 0.0000086. A breakout above this level could indicate a potential trend reversal.
Trading Setup:
PEPE Long Setup
Entry:
- Anticipated entry between 0.0000069 to 0.0000074 (previous support zone)
Targets:
- Target 1: 0.000008
- Target 2: 0.0000092
Stop Loss:
- 0.0000064 (below support zone)
Setup Summary:
This is a long setup for PEPE, with an anticipated entry between 0.0000069 and 0.0000074 (previous support zone). The setup has two targets, 0.000008 and 0.0000092, with a stop loss set at 0.0000064 (below support zone).
Risk Management:
- Stop loss is set below support zone to limit potential losses
- Two targets provide potential exit points for profit-taking
Market Context:
- PEPE has formed a support zone and resistance level, indicating potential for trend reversal
- Traders should be cautious of changing market conditions and adjust their strategy accordingly
Disclaimer:
- This is not financial advice, and traders should do their own research before making any decisions
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