PEPG/USD – 30-Min Long Trade Setup!📌 🚀
🔹 Asset: PEPG (PepGen Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $3.16 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $2.70 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $3.79 (First Resistance Level)
📌 TP2: $4.53 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $3.16 - $2.70 = $0.46 risk per share
📈 Reward to TP1: $3.79 - $3.16 = $0.63 (1:1.4 R/R)
📈 Reward to TP2: $4.53 - $3.16 = $1.37 (1:3 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Breakout Formation: Price has broken above a key resistance level at $3.16, indicating bullish strength.
📌 Uptrend Confirmation: The stock has recovered from a downtrend, showing strong buying pressure.
📌 Volume Confirmation Needed: Ensure high buying volume when price holds above $3.16 to confirm the breakout.
📌 Momentum Shift Expected: If the price holds above $3.16, a move toward $3.79 and then $4.53 is likely.
📊 Key Support & Resistance Levels
🟢 $2.70 – Stop-Loss / Support Level
🟡 $3.16 – Breakout Level / Long Entry
🔴 $3.79 – First Resistance / TP1
🔴 $4.53 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $3.16 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($3.16) after TP1 ($3.79) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $3.79, let the rest run toward $4.53.
✔ Adjust Stop-Loss to Break-even ($3.16) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $3.16 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $3.16 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $3.16 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.4 to TP1, 1:3 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
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