Long

Updated

PEPE Long setup 🤓↗️🤓↗️🤓↗️

Hi dear traders
This is long setup for PEPE in 2H time frame.
If price reached the specified area then we can open long position with suitable R/R.
Let's see what happens
All targets specified
This is not financial advice ( DYOR )
Good luck

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Arriving at the desired area

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Running well

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If the price reaches our desired range, we open a long position.
The risk-to-reward ratio of this position is 1 to 11.
It should be noted that due to the low data of Pepe's chart and the high risk of buying this coin, we are allowed to risk 0.5% to 1% of capital in this area only because of the high risk and reward of this position.
Let's see what happens

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The price reached the liquidity zone

Trade active

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Tp1 0.0000116
Tp2 0.00000127
Tp3 0.00000139
Tp4 0.00000154
Save porofit after each target hit
Let's see what happens

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Tp1 hit 🎯

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Still valid 🤗

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Tp2 hit 🎯

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Tp3 hit 🎯

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Tp4 hit 🎯
Save some profit now

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We got 58.63% profit from the first entry.
Now we have bearish divergence in 1H time frame.
The price is trying to test the resistance at 0.00000154 as support.
If this area holds, the next target is close to the 0.00000209 resistance.
Let's see what happens

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Possible movement in 1H time frame
Let's see what happens

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IF hold 0.0000015 area
Then
Tp1 0.00000173
Tp2 0.00000189
Tp3 0.00000209
Otherwise price go down to near 0.00000139
Let's see what happens

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Tp1 hit 🎯

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Running well
Next target 0.00000189

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Tp 0.00000189 hit 🎯

Trade active

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PEPE possible movement ☝️☝️☝️
Let's see what happens

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Tp1 120
Tp2 125
Tp3 131
Tp4 135
Let's see what happens

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Running well
Tp1 hit 🎯

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Running well
Let's see what happens

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Tp2 hit 🎯

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Tp3 hit 🎯

Trade closed: target reached

Tp4 hit 🎯
Full Target
Good luck 🤗

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Hi dear traders
As expected in the previous analysis, we took full profit in the short position. Now we expect the price to reach the specified targets after breaking the bearish wedge.
Let's see what happens

Trade active

Th57Trader

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Th57Trader