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Trader’s Notes Watching $PEPE 1h for Bullish Signals
Feeling optimistic as $PEPE continues making higher highs, setting up a potential long opportunity on the 1h chart.
The overall structure remains bullish, with price breaking above key resistance levels. A pullback toward 0.00001016 or 0.00001009 could offer a buying opportunity if supported by bullish confirmation like a strong rejection wick, pin bar, or bullish engulfing candle. First take profit is near the recent swing high at 0.00001079.
Alternatively, a manipulation below 0.00000992 followed by a sharp reversal might also signal a long entry.
Risk management calls for a stop-loss below a significant swing low. However, if price breaks below 0.00000983 with bearish confirmation, the bullish case weakens and deeper retracement may follow. Waiting patiently for clear confirmation remains key.