$PEPE
1. Entry Zone (Buy Zone):
Suggested Entry: 0.00000845 – 0.00000850
Reason: This zone aligns closely with the recent low wick at 0.00000845, showing signs of demand/support. The price recently bounced off this area, which could act as a short-term bottom if support holds.
2. Stop Loss (SL):
Suggested SL: 0.00000830
Reason: Placing SL slightly below the previous low gives the trade room to breathe but protects capital if price breaks significant support and continues downtrend.
3. Take Profit (TP):
TP1: 0.00000875 – Near resistance and 25 MA level.
TP2: 0.00000890 – Upper resistance from recent candles.
TP3 (Optional): 0.00000920 – Previous high, assuming strong momentum.
Supporting Reasons:
MA Indicators: The 7 and 25-period MAs are above the current price and sloping down, suggesting short-term bearish pressure. However, the 99 MA remains lower, indicating longer-term bullish potential.
Volume: Decent trading volume implies market interest is still active.
Trend Analysis: Price is nearing oversold territory on lower timeframes; a short bounce is possible.
Risk/Reward Summary:
Entry: 0.00000845 – 0.00000850
SL: 0.00000830 (Risk ~1.76%)
TP1: 0.00000875 (Reward ~3%)
TP2: 0.00000890 (Reward ~5.2%)
TP3: 0.00000920 (Reward ~8.2%)
Would you like me to mark these zones visually on the chart for better clarity?