Got it. Here’s a quick analysis of the $PEPE chart:
1. Entry Point:
The recent green candle indicates a bullish.
A good entry point would be slightly above the recent high at 0.00001338, confirming the breakout.
2. Take Profit:
First TP: Near the recent swing high at 0.00001425 (8% potential gain).
Second TP: Near the next resistance at 0.00001510, aligning with the previous high (approx. 13% gain).
3. Stop Loss:
Place the stop loss slightly below the recent swing low at 0.00001196 to manage risk effectively. This aligns with a 10% risk from the entry point, maintaining a 1:1 risk-to-reward ratio.