$PEPE Trading setup:
.
.
.
.
• Buy Price (BP): $0.0083
• Take Profit (TP): $0.0089
• Stop Loss (SL): $0.0078
Buy at $0.0083, slightly below the current price to catch any minor pullback. The take profit is set at $0.0089, a key resistance level, to capitalize on potential gains if PEPE moves up. The stop loss is placed at $0.0078 to limit downside risk, just below the lower end of the anticipated consolidation range. This setup aims to balance risk and reward, positioning you to profit from a potential bounce while protecting against further declines.
I’ve been closely monitoring Pepe, and after its recent bearish breakout following Saturday’s bullish surge, the momentum has significantly dropped. Currently, the technical structure no longer appears bullish, and I’m expecting a consolidation between $0.0089 and $0.0075. The key levels to watch are $0.0089 and $0.0083, which will be crucial in determining Pepe’s direction. While Bitcoin’s market structure remains bullish, Pepe needs to show some strength to align with this. I’ve sold some during the bullish breakout and bought back at $0.0083, but I’m staying cautious and waiting for a clearer signal before making further moves. I’ll keep you all updated as the market develops.
