COIN NAME - $PEPE
SIGNAL TYPE - LONG
PEPE has experienced a massive pump recently, but can it go even higher? Absolutely! As shown in my chart, PEPE is forming a Bullish Pennant Pattern, a strong bullish indicator. Additionally, it’s holding firmly above its last support line, reinforcing its upward potential. I’m planning to enter this trade at 1986 and recommend taking your position and holding tight.
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I’m adding another layer of technical analysis to strengthen my bullish outlook on this trade: the Fibonacci retracement. This is a crucial tool in trading, and if you look at my chart, you’ll notice that PEPE’s recent red candles were rejected from the 0.382 to 0.5 zone. Now, it’s showing momentum toward the upper levels.
Overall, this further confirms my bullish stance on this trade.
Entry Price: 1986
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TP 1: 2099
TP 2: 2196
TP3: 2286
TP4: 2396
SL: 1813
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