📉 $PEPE /USDT
🟢Trade Setup: Long
Entry Zone: $0.00000330 - $0.00000345
Stop Loss (SL): $0.00000310
Take Profit Targets:
TP 1: $0.00000420
TP 2: $0.00000550
TP 3: $0.00000710
🔍 Technical Reasoning
Bottoming Formation: After a heavy drawdown, the price action is tightening. The massive "sell-off" candle seen previously has established a floor, and the current candles are holding above the $0.00000320 level.
Volume Exhaustion: Selling volume is diminishing compared to the previous crash, indicating that the bears might be running out of steam.
Risk/Reward: Entering at these levels provides a high R/R ratio. We are buying near the lows of the current range with a clear invalidation point just below support.
⚠️ Risk Management Note
Meme coins like $PEPE are highly volatile. This setup is based on a technical bounce. Never risk more than 1-3% of your total capital on a single trade. Keep an eye on BTC movement, as a market-wide flush will invalidate this setup.
@Gallaxia
