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PEPE / TetherUS
Long

Long PEPE

By evasivesteering
Updated

PEPE is retesting the local trendline.

I started to buy PEPE here and increase position when bounce from trendline.

Trade setup is as in chart.

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

Note
What concerns me is the CME gaps of BTC at $57900. Today, news on MT_Gox deposit for distribution happens again. We need to pay attention with these two points.
Risk management and be ready to get out of the trade if needed
Trade closed manually
Break-even. I closed this trade at entry
Will wait for better condition to re-open (linked to BTC, see my analysis of BTC)
Trade active
I re-opened this trade at $0.0122 because BTC closed above $65200 (key level)
Trend Analysis
evasivesteering
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