🚀 Long Thesis: Why 
PEPE Could Be Poised for a Major Move
PEPE, one of the strongest meme coins in the market, has dipped to a crucial support level that has historically held firm. If you zoom out on the daily and 4-hour charts, you'll see this support has been a solid floor in the past.
Meanwhile,
BTC has found strong support around the $58,000 level and is starting to show signs of life. Historically, PEPE has trended in the same direction as $BTC.
Entering a long position here offers a well-defined risk-to-reward setup. WithBTC potentially gearing up for a move towards $60k or higher, PEPE could follow suit, making this an attractive buy.
PEPE Could Be Poised for a Major MovePEPE, one of the strongest meme coins in the market, has dipped to a crucial support level that has historically held firm. If you zoom out on the daily and 4-hour charts, you'll see this support has been a solid floor in the past.Meanwhile,
BTC has found strong support around the $58,000 level and is starting to show signs of life. Historically, PEPE has trended in the same direction as $BTC.Entering a long position here offers a well-defined risk-to-reward setup. With
BTC potentially gearing up for a move towards $60k or higher, PEPE could follow suit, making this an attractive buy.
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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.