$1000PEPE – Consolidating above key support, building momentum for a bounce
Trading Plan Long $1000PEPE
Entry: 0.0023500 – 0.0023900
SL: 0.0022400
TP: 0.0024800
TP: 0.0026000
TP: 0.0027300
Price action has slowed down after finding a short-term bottom around 0.0022697. The recent candles are tightly consolidating right near the MA(7), indicating that the aggressive selling pressure has dried up. While the broader trend on the 4H chart remains under the MA(99) resistance, this flattening structure shows buyers are trying to defend the current level. A clean break above the immediate MA(25) barrier could trigger a quick short-covering rally toward upper resistance targets.
Trade $1000PEPE here 👇
Trading Plan Long $1000PEPE
Entry: 0.0023500 – 0.0023900
SL: 0.0022400
TP: 0.0024800
TP: 0.0026000
TP: 0.0027300
Price action has slowed down after finding a short-term bottom around 0.0022697. The recent candles are tightly consolidating right near the MA(7), indicating that the aggressive selling pressure has dried up. While the broader trend on the 4H chart remains under the MA(99) resistance, this flattening structure shows buyers are trying to defend the current level. A clean break above the immediate MA(25) barrier could trigger a quick short-covering rally toward upper resistance targets.
Trade $1000PEPE here 👇