$PEPE Trading setup:
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âą Buy Price (BP): $0.0083
âą Take Profit (TP): $0.0089
âą 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.
Iâve been closely monitoring Pepe, and after its recent bearish breakout following Saturdayâs bullish surge, the momentum has significantly dropped. Currently, the technical structure no longer appears bullish, and Iâm 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 Pepeâs direction. While Bitcoinâs market structure remains bullish, Pepe needs to show some strength to align with this. Iâve sold some during the bullish breakout and bought back at $0.0083, but Iâm staying cautious and waiting for a clearer signal before making further moves. Iâll keep you all updated as the market develops.
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