๐จPEPEUSDT URGENT Very very URGENT UPDATE
๐๐ $PEPE Bullish Rally Over? ๐
Technical Analysis on $PEPE
As seen in the chart, PEPE is currently within a Rising Channel. We recently observed another rejection from the trend line area, indicating that the previous breakout was a fake out. Let's delve into the next trade plan for PEPE.
Step-by-Step Trade Plan
1. Identify Key Levels:
๐ Trend Line Area: Notice how PEPE is repeatedly rejecting the upper trend line.
๐ฉ Green Box (Support Zone): This is the crucial level to watch for potential shorting opportunities.
2. Monitor Price Action:
๐ Watch PEPE closely as it approaches the green box area.
๐จ Alert: Set alerts for when PEPE touches or breaks through the support zone.
3. Shorting Strategy:
๐ฝ Initiate Short: Once PEPE touches or breaks the green box, consider entering a short position.
๐ฏ Target: Aim for the lower trend line or the next support level as your target.
๐ก๏ธ Stop-Loss: Place a stop-loss slightly above the green box to manage risk.
4. Manage Your Trade:
๐ Trail Stop-Loss: As PEPE moves in your favor, adjust your stop-loss to lock in profits.
๐น Take Profit: Consider taking partial profits at key support levels to secure gains.
Final Thoughts
๐ง Do Your Own Research: Always validate your analysis and strategy with your own research.
๐ก๏ธ Risk Management: Never risk more than you can afford to lose.
๐ Stay Updated: Follow for daily updates and more insights on $PEPE .
๐ Like if you appreciate this analysis and Follow for more daily updates! ๐ช
Remember, the market is unpredictable. Stay sharp and trade smart! ๐
The native token of Manta Network, MANTA, enables privacy features and innovative DeFi services while ensuring regulatory compliance. ๐
Join the Privacy Revolution ๐
Discover how Manta Network is shaping the future of DeFi and privacy. Stay updated on developments and be part of the revolution! ๐ป