PEPE/USDT 1H: Bullish Breakout in Play – Can $0.00001200 READY!

PEPE/USDT 1H: Bullish Breakout in Play – Can $0.00001200 Be Reached?
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
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 – 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 – Strong breakout structure, Smart Money accumulation confirmed.

🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!

Cryptokijker

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.

Cryptokijker