PEPE hit a crucial roadblock, a breaker block of $0.00000136 - $0.00000155, red. With a weak BTC below the $29.5k range-low, a price reversal could be likely at the above roadblock, offering a shorting opportunity.
Entry: $0.00000140
Take-profit: $0.00000120
Exit: $0.00000150
RR: 2
However, the H4 market structure was bullish, and a BTC cross above $29.5k could quickly invalidate the set-up.
Entry: $0.00000140
Take-profit: $0.00000120
Exit: $0.00000150
RR: 2
However, the H4 market structure was bullish, and a BTC cross above $29.5k could quickly invalidate the set-up.
Trade closed: target reached
The set-up was validated
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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.