Based on your chart for PEPE/USDT on the 4H timeframe from Binance, here's a detailed technical analysis and a suggested trade setup:
Market Context
Current Price: 0.00000902 USDT
24h Change: +10.67% (strong bullish momentum)
Trend: Strong uptrend with high volume and bullish candlesticks.
Key Moving Averages (EMA):
EMA(7): 0.00000859 (short-term bullish)
EMA(25): 0.00000830
EMA(99): 0.00000832
All EMAs are stacked in bullish order, indicating momentum continuation.
Indicators
MACD: Bullish crossover with increasing histogram bars — confirms strong momentum.
Volume: Increasing — confirming the strength of the uptrend.
Resistance Zone: Around 0.00000903 (currently testing it).
Trade Setup
Next Entry Point (Buy):
Buy Limit: 0.00000870 - 0.00000878
Reason: Minor pullback to previous resistance now turned support.
This is also close to the Buy Avg. Price (0.00000882).
Stop Loss:
0.00000830
Reason: Below EMA(25) and last support before breakout.
A break below this would invalidate short-term bullish momentum.
Take Profit Targets:
TP1: 0.00000930 (next psychological resistance)
TP2: 0.00000960 (if momentum continues, based on Fibonacci extension)
TP3 (Optional): 0.00001000 — round-number resistance if breakout volume remains high.
Risk/Reward Summary
Entry: 0.00000875 (average range)
Stop Loss: 0.00000830 (approx. 5.14% risk)
TP1: 0.00000930 (approx. 6.28% reward)
TP2: 0.00000960 (approx. 9.71% reward)
Risk/Reward Ratio: ~1.2 to 1.8 — acceptable depending on your tolerance.
