PEPE/USDT 1H: Bullish Breakout in Play โ Can $0.00001200 READY!PEPE/USDT 1H: Bullish Breakout in Play โ Can $0.00001200 Be Reached?
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Current Market Structure:
Bullish breakout confirmed, price breaking above $0.00001060 resistance with strong momentum.
RSI at 75.21, indicating bullish strength, but still below extreme overbought conditions.
Pattern: Ascending triangle breakout, signaling trend continuation.
Key Levels:
Support: $0.00000950 (previous accumulation zone).
Resistance: $0.00001200 (next major target).
Current Price: $0.00001064.
Trade Setup (Confidence 8/10):
Entry Zone: Current price ($0.00001064) or pullback to $0.00001020 for better positioning.
Targets:
T1: $0.00001150 (initial resistance).
T2: $0.00001200 (major liquidity zone).
Stop Loss: Below $0.00000920 (below previous accumulation zone).
Risk Score:
7/10 โ Favorable R:R setup, but RSI suggests watching for pullbacks.
Market Maker Analysis:
Accumulation phase complete, now transitioning into markup.
Breakout above previous range confirms institutional positioning.
Hidden bullish divergence on RSI, reinforcing trend strength.
Recommendation:
Long positions remain favorable at $0.00001064 or pullback to $0.00001020.
Tight stops below $0.00000920 to protect against invalidation.
Watch for rejection at $0.00001150 before confirming move to $0.00001200.
Confidence Level:
8/10 โ Strong breakout structure, Smart Money accumulation confirmed.
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