$PEPE Trading strategy: After the triangle breaks out, do this!
PEPE is going to play, the triangle breaks out soon! Based on the entry price of $7.79 billion, our long position should be done like this:
Entry point:
When the price reaches $7.79 billion, or it is confirmed to break through, we will enter the market!
Stop loss point:
The risk must be controlled, so the stop loss is set below $7.32 billion, just find a recent support level or a lower trend line.
Money-making goals:
The first goal: $8.27 billion, which is the current resistance level.
The second goal: $8.98 billion, if it breaks through the resistance level, it can rise further.
Trading management:
Keep an eye on the breakthrough situation. If the price closes steadily above $7.79 billion and the trading volume increases, it is a real breakthrough. Once the price reaches $8.27 billion, quickly adjust the stop loss to the break-even $7.79 billion, so that the transaction is stable.
If the momentum is strong, we will go for $8.98 billion. Don't forget to lock in some profits along the way, don't lose it all.
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