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PEPEUSDT Perpetual Swap Contract

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PEPEUSDT.P trade ideas

PEPE - not just a FROG ! Liquidity game PEPE, the meme-inspired cryptocurrency, has exhibited a bullish breakout on the hourly chart, suggesting a potential continuation of its upward trend. The price action and market indicators hint at a strong possibility for further gains. Ascending Trendline and Liquidity Gaps: PEPE has been trading along an ascending trendline on the hourly chart, creating higher lows and higher highs. This trendline indicates an underlying bullish momentum. Notably, there are significant liquidity gaps below the current price, suggesting the presence of strong buying support. Equal Highs and Liquidity Pool Formation: PEPE has recently formed equal highs, creating a horizontal liquidity pool above the current price. This pattern suggests that there is a significant supply of PEPE at this level, which could act as a resistance point. However, the recent bullish breakout suggests that buyers have overcome this resistance. Bullish Breakout and Imbalance: The recent breakout from the ascending trendline and equal highs pattern has created an imbalance, with more buyers than sellers. This imbalance suggests that the upward momentum is likely to continue. Anticipated Retest and Continued Growth: I anticipate a retest of the 0.5 Fibonacci retracement level of the imbalance, around $0.0000094, followed by a continuation of the upward trend. This retest would serve as a confirmation of the bullish breakout and provide an opportunity for new buyers to enter the market. Supporting Indicators: Relative Strength Index (RSI): The RSI has broken above the 70 level, indicating strong bullish momentum. Moving Average Convergence Divergence (MACD): The MACD lines are bullish and have crossed above the signal line, further confirming the uptrend. Conclusion: PEPE's price action, market indicators, and bullish breakout pattern suggest a strong potential for continued growth. The anticipated retest of the 0.5 imbalance level and the supportive indicators reinforce the bullish outlook. While there may be short-term pullbacks, the overall trend appears to be favoring the bulls.
Long
by Yaroslav_Krasko
Potential Long Opportunity on PepeUSD - Cup and Handle Formation PepeUSD has recently formed an inverse head and shoulders pattern, indicating a potential reversal of the previous downtrend. After breaking the resistance, the price action suggests the formation of a cup and handle pattern, signaling a continuation of the bullish trend. Entry: Consider entering a long position above the handle's resistance level, around 0.000012 USD. Stop Loss: Place a stop loss below the handle's low, approximately at 0.0000095 USD, to manage risk in case of a reversal. Target: Target the second resistance level at around 0.000015 USD, where price may encounter some resistance. Risk/Reward Ratio: Ensure a favorable risk/reward ratio of at least 1:2, considering the potential upside compared to the initial risk. Note: Monitor price action closely for confirmation of the cup and handle pattern formation. Always use proper risk management techniques and adjust your position size accordingly. This idea is based on technical analysis and should be validated with your own analysis and risk tolerance.
Long
by achooooooooool
It seems to be entered after the third attempt to defeat ATHAfter the growth of Sharpie, which entered a channel and after its breakdown, it formed a trading range. According to the failure of the trading range by Candle Gap, it seems that this currency was able to find its new direction, but for now, there should be no rush to leave the historical ceiling that it tried for the second time and failed to break. Third, try and if it fails, we have the confirmation signal to enter, otherwise, it is better to enter cautiously at the support points. As I have drawn in the chart, this upward trend consists of two LEGs, both of which have been completed. I do not expect further growth at the moment, and it seems that we should look for the formation of a channel so that the remaining buyers can enter.
Long
by AmirAli4bdi
PEPE/USDT: Bull Flag Breakout and Retest, Market Entry NowPEPE/USDT has completed a bullish flag pattern with a breakout and successful retest. The setup suggests strong upward potential, and we're entering the market immediately to capitalize on this momentum. Aiming for a test of the recent high with a risk/reward ratio of 1:2, this trade leverages the current bullish sentiment. With the breakout and retest affirming buyer strength, now is an ideal time to engage for potential gains. Act swiftly to harness the unfolding uptrend.
Long
by IamForexTrader_com