Long

PEPE - Potentially resuming rally once more

Updated

Buying right now is a bit too risky for my style.

I'll wait a bit and see if price can drop to the 80-82 zone, stalls and starts to go back up without going below 794, otherwise I'll pass on this setup for now.

, are of similar setup although I prefer to stay with PEPE as it's leading the two others for now.

Note

I just bought of the 1min chart. Stop at 81.

Note

Selling half at +1R and letting the rest either get stopped out or rally as high as possible.

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Sold the rest at 85 for a 2.5R

Note

I will now look for a deeper pullback to time a new entry for a decisive break higher.

ElliottWaveBelgium

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