PEPE/USDT – Possible Deviation Setup Forming | 15M Chart
We're currently trading above the 2.618 Fib extension level (0.0144590) — a key golden ratio zone.
There’s also a clear divergence on both MACD and CCI (15m TF), signaling potential momentum exhaustion.
The Volume Profile shows a low volume node above the current range — lots of untapped liquidity waiting to be swept.
This consolidation looks like accumulation during the Frankfurt session, followed by manipulation during London.
If BTC remains stable, I expect a deviation move during New York session, potentially sweeping highs above 3.618 (0.0148803) and into 4.618.
📍 Watching for a fake breakout and potential reversal setup from the upper fib zones.
Let’s see how it plays out.
We're currently trading above the 2.618 Fib extension level (0.0144590) — a key golden ratio zone.
There’s also a clear divergence on both MACD and CCI (15m TF), signaling potential momentum exhaustion.
The Volume Profile shows a low volume node above the current range — lots of untapped liquidity waiting to be swept.
This consolidation looks like accumulation during the Frankfurt session, followed by manipulation during London.
If BTC remains stable, I expect a deviation move during New York session, potentially sweeping highs above 3.618 (0.0148803) and into 4.618.
📍 Watching for a fake breakout and potential reversal setup from the upper fib zones.
Let’s see how it plays out.
Trade active
Already opened a hedge short position from current levels just in case we break down from this consolidation range.Key volume node tapped, and if we lose this area, a deeper pullback is likely. Watching PA closely.
Staying flexible. Long profits partially secured now positioned both ways ⚖️
Trade closed: target reached
🐂 Bullish divergences on the 5M timeframe (Histogram + Stoch).Potential London manipulation, targeting liquidity below the Frankfurt low, followed by a move up to deliver price into value area high at 0.0147373.
Note
📈ENTRY 0.0143964💵TP 0.0145731
⛔️ SL 0.0143714
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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.