🔥 PEPE Waiting For Bullish Break Out: Great Reward Potential
Updated
Over the last couple of weeks I've made several PEPE analyses where I discussed a potential reversal of the trend. In the end it became clear that PEPE had to go lower first before a prolonged change of trend.
Still, I kept a close eye on the diagonal purple resistance line. At some point PEPE has to break through it, which can potentially kick off a major bullish correction after weeks of selling.
In case of a break out, the 200 area is still the target like before. SL around 93, could also be 82 for a less risky approach.
Still, I kept a close eye on the diagonal purple resistance line. At some point PEPE has to break through it, which can potentially kick off a major bullish correction after weeks of selling.
In case of a break out, the 200 area is still the target like before. SL around 93, could also be 82 for a less risky approach.
Note
Breaking out as we speakNote
Break out has not been confirmed, no entry has been madeNote
Break out confirmed. Currently looking at decent profits.
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