$PEPE / USDT

Chart Breakdown & Trade Idea

Pattern Insight:

Looks like an Inverse Head and Shoulders pattern is taking shape — a well-known bullish reversal signal. The key support trendline is still holding strong, suggesting accumulation is in play.

Current Price Action:

$PEPE is edging closer to the neckline resistance zone around 0.00001390–0.00001400. A breakout above this range could trigger solid upward momentum.

Trade Plan:

Entry:

Consider entering above 0.00001400, but only if there’s a clear volume spike confirming the move.

Stop Loss:

Place your stop below the right shoulder, around 0.00001290, to protect your position.

Target Zones:

TP1: 0.00001550

TP2: 0.00001680

TP3 (for aggressive traders): 0.00001850

Risk-Reward View:

A breakout trade here offers a solid setup, with a potential risk-reward of 3:1 or better, thanks to a tight stop below structure.

Market Sentiment:

Momentum leans bullish, especially if price clears the neckline. Keep an eye on volume for confirmation. If you miss the breakout, don’t rush in — watch for a pullback or retest.