PEPE Breaks Out of Ascending Triangle : 14.39% Gains Secured

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PEPE has successfully broken out of an ascending triangle formation, presenting a promising trading opportunity. Here’s the key analysis:

- It’s typically safe to **short** when prices hit the upper edge of the triangle, but waiting for a bearish structure before entering can be more strategic.

- In this case, after a well-timed short position, a long trade was triggered as the market developed favorably, yielding an impressive **14.39% profit**.

- Two resistance levels to monitor: Point C and the **0.0115** range, as they could signal key turning points.

- The Stop Loss (SL) has been moved up to **0.0100300**, locking in profits and managing downside risk.

Although PEPE has shown strength, traders should stay cautious of a potential **pullback**. If the market fails to push higher from the current position, this recent **27% rise** might be over, signaling the end of this bullish trend.

Conclusion :

PEPE's breakout from the ascending triangle has delivered strong returns, but there's a need for caution as resistance levels approach. Traders should remain vigilant for any signs of a pullback that could reverse the upward momentum.

Advice :

Lock in profits and adjust **stop-loss levels** to protect gains. Be prepared for potential resistance at key levels, and monitor market cycles closely for any signs of trend reversal before re-entering long positions.