The Ichimoku Cloud on the 4H chart for PEPE coin shows a compelling shift in momentum. The price recently pierced above the Kumo cloud, with the Tenkan-sen crossing above the Kijun-sen — a classic bullish signal. The Chikou span is free of price action, suggesting confirmation of upward trend momentum.
Key levels:
Support zone: Around 0.0000058 (cloud baseline)
Resistance zone: Around 0.0000072 (previous rejection level)
Entry idea: Consider entries on retest of the cloud top as support
Stop loss: Below the cloud base at 0.0000055
Profit targets: 0.0000072 and 0.0000085 for short to mid-term trades
If PEPE holds above the cloud, we might be witnessing the early stages of a trend reversal. Patience and volume confirmation are key.
Key levels:
Support zone: Around 0.0000058 (cloud baseline)
Resistance zone: Around 0.0000072 (previous rejection level)
Entry idea: Consider entries on retest of the cloud top as support
Stop loss: Below the cloud base at 0.0000055
Profit targets: 0.0000072 and 0.0000085 for short to mid-term trades
If PEPE holds above the cloud, we might be witnessing the early stages of a trend reversal. Patience and volume confirmation are key.
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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.