$PEPE updates
- 4H chart showing a breakout upward from the trendline. Therefore I believe this drop is the pullback as if it wanna go further it has to gain momentum.
- Plus there is a FVG ( purple) that price has just fulfilled
- I expect the price to retest OB zone ( red zone )
and go back up from that point.
‼️‼️‼️Sometimes price does not get back to retest the OB and bounce back from the FVG area
- I would suggest placing buying limit right the OB ( might split the volume to avoid missing the entries) .
🔺 Stop Loss point would be below that green candle near the OB
📌Dislaimers: All my predictions based on my trading strategies, DYOR before entering the market.
📌 Trading Rules:
- Always put SL ( TP might not be needed ) to reduce the risk
- Using proper money management to make sure you do not miss the ideas entries
- Trailing your SL or using Break Even
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Thank you and Trade Safe ❤️
