Pepe / USDTLong
PEPE Targets $0.00002300: Smart Money Drives Bullish Breakout!
PEPE/USDT 4H Chart Analysis (SMC Principles)
Current Market Condition:
Price: $0.00001968.
Bias: Bullish after breaking above the equilibrium zone ($0.00001800-$0.00001900).
Key Levels:
RSI: At 65.3, indicating healthy bullish momentum without entering overbought territory.
Hidden bullish divergence: Observed on RSI from recent lows, confirming further potential upside.
Trade Setup:
Market Maker Activity:
Considerations:
This setup suggests a strong bullish continuation to $0.00002100-$0.00002300, supported by institutional activity and favorable market structure.
Current Market Condition:
Price: $0.00001968.
Bias: Bullish after breaking above the equilibrium zone ($0.00001800-$0.00001900).
Key Levels:
- Support:
- Discount zone: $0.00001700 (recent accumulation).
- Equilibrium zone: $0.00001800-$0.00001900.
- Resistance:
- Premium zone: $0.00002100 (T1).
- Previous swing high: $0.00002300 (T2).
Momentum Indicators - :
RSI: At 65.3, indicating healthy bullish momentum without entering overbought territory.
Hidden bullish divergence: Observed on RSI from recent lows, confirming further potential upside.
Trade Setup:
- Entry: $0.00001950-$0.00001970.
- Targets:
T1: $0.00002100 (premium zone). - T2: $0.00002300 (previous swing high).
- Stop Loss: Below $0.00001800 (to minimize risk).
- Risk-to-Reward: Favorable setup with controlled downside.
- Confidence Level: 8/10 for continued bullish movement.
Market Maker Activity:
- Accumulation: Significant buying occurred in the discount zone ($0.00001700), signaling smart money interest.
- Current expectation: Controlled price increases targeting premium zones, with potential minor shakeouts at key levels to test weaker hands before continuation.
Considerations:
- Support test: Ensure price remains above $0.00001900 to maintain bullish momentum.
- Volume confirmation: Monitor for consistent buy volume near entry and resistance levels.
- Resistance reaction: Be cautious at $0.00002100 (premium zone) for signs of temporary rejection or distribution.
This setup suggests a strong bullish continuation to $0.00002100-$0.00002300, supported by institutional activity and favorable market structure.
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