1000PEPEUSDT Perpetual – Demand Zone Long Reversal
This setup is a long (buy) strategy on the 1000PEPEUSDT.P pair, targeting a potential rebound from a key short-term support zone after a sharp pullback.
Setup Details:
Position: Long
Entry Price: 0.0108444
Stop Loss: 0.0106394
Take Profit: 0.0120046
Risk-to-Reward Ratio (RRR): ~5.66
Timeframe: Likely 1H or 4H based on candle size
Rationale:
Price is approaching a strong horizontal support zone that has held multiple times in the past.
The most recent candle has a long lower wick, indicating buying pressure or rejection of lower prices.
The trade anticipates a quick bullish reaction from this support level.
Take profit is set near a previous minor resistance / swing-high.
Summary:
This is a demand-zone reversal play suitable for scalpers or intraday traders looking for a high RRR bounce setup. Ideal confirmation would be a bullish engulfing or momentum candle forming after entry.
Setup Details:
Position: Long
Entry Price: 0.0108444
Stop Loss: 0.0106394
Take Profit: 0.0120046
Risk-to-Reward Ratio (RRR): ~5.66
Timeframe: Likely 1H or 4H based on candle size
Rationale:
Price is approaching a strong horizontal support zone that has held multiple times in the past.
The most recent candle has a long lower wick, indicating buying pressure or rejection of lower prices.
The trade anticipates a quick bullish reaction from this support level.
Take profit is set near a previous minor resistance / swing-high.
Summary:
This is a demand-zone reversal play suitable for scalpers or intraday traders looking for a high RRR bounce setup. Ideal confirmation would be a bullish engulfing or momentum candle forming after entry.
Trade active
Move Stop LOSS to Entry. Free of Risk.
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.