$PEPE USDT Analysis: Both Long and Short Scenarios
๐ The chart shows a symmetrical triangle pattern, indicating a potential breakout or breakdown.
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๐ต Long Position Setup
Trigger: ๐ Confirmed 4H candle close above the breakout level at 0.0000246272.
Entry Zone: Between 0.0000246272 and 0.0000258042 after a breakout and retest.
Targets:
๐ฏ First Target: 0.0000272221
๐ฏ Second Target: 0.0000280000
Stop-Loss: Below 0.0000233232
Confirmation: Look for ๐ increased buying volume and sustained movement above the breakout zone.
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๐ด Short Position Setup
Trigger: ๐ Breakdown below the 0.0000233232 level with rejection after retest.
Entry Zone: Between 0.0000233232 and 0.0000221845 after a breakdown.
Targets:
๐ฏ First Target: 0.0000211214
๐ฏ Second Target: 0.0000200000
Stop-Loss: Above 0.0000238000
Confirmation: Monitor for declining ๐ volume and lower highs with a failure to reclaim resistance.
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โ ๏ธ Risk Management: Use tight stop-losses and adjust position sizes based on your risk tolerance. The triangle's apex suggests increasing volatility, so trade cautiously.
Let us know your trade direction in the comments! ๐๐
