Pepe / USDTLong
PEPE/USDT 1H: Bulls Building Momentum Toward $0.00001850
PEPE/USDT 1H Chart Analysis
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Current Price: $0.00001578
Market Structure:
Trade Setup (Confidence Level: 7.5/10):
Smart Money Analysis:
Recommendation:
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Current Price: $0.00001578
Market Structure:
- Bullish momentum building after a double bottom formation.
- RSI: 59.57, indicating bullish divergence and upward potential.
- Order Block: Formed at $0.00001450, acting as strong support.
Trade Setup (Confidence Level: 7.5/10):
- Entry Zone: $0.00001550-$0.00001580
- Targets:
- T1: $0.00001700 (FVG fill).
- T2: $0.00001850 (previous high).
- Stop Loss: Below $0.00001450 (recent swing low).
- Risk Score: 6/10 (moderate risk due to meme coin volatility).
Smart Money Analysis:
- Institutional accumulation visible in recent volume profile.
- A break above $0.00001600 could trigger stop hunts and drive price higher.
- Liquidity pools above $0.00001700 act as magnet levels.
Recommendation:
- Long position valid in the $0.00001550-$0.00001580 range.
- Watch for a confirmed breakout above $0.00001600 to strengthen bullish conviction.
- Manage risk carefully due to potential volatility.
- Confidence Level: 7.5/10 for bullish continuation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.