This is a 4-hour candlestick chart of PEPE/USDT from Binance. Let's break down the current situation and then determine a possible entry point, take profit, and stop loss.
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📊 Chart Overview:
Current Price: 0.00001176 USDT
Recent Low: 0.00001095 (Strong support level)
Resistance Zones:
Minor: 0.00001258
Mid: 0.00001347 (MA 99)
Strong: 0.00001512 (recent high)
Trend: Downtrend overall, but currently showing a short-term reversal from the bottom (possible relief rally).
Volume: Recently increased during the bounce — positive signal.
Moving Averages:
MA(7) below MA(25) and MA(99), but starting to curve upward — early sign of short-term strength.
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📌 Suggested Trade Plan:
✅ Entry Point (Buy Zone):
Between: 0.00001150 to 0.00001180
It’s already making a higher low and slight higher high in the bounce. Buying now or slightly lower offers good positioning for a short-term trade.
🎯 Take Profit Zones (TP):
1. TP1 (Safe): 0.00001258 – aligns with recent resistance.
2. TP2 (Mid): 0.00001347 – close to the 99-period MA.
3. TP3 (Aggressive): 0.00001512 – previous high.
⛔ Stop Loss:
Below recent low: 0.00001080
Gives the price room to move but cuts the trade if it invalidates the bounce structure.
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⚖️ Risk-to-Reward:
Entry: 0.00001176
SL: 0.00001080
TP1: 0.00001258 → RR ≈ 1:1
TP2: 0.00001347 → RR ≈ 2:1
TP3: 0.00001512 → RR ≈ 3.7:1
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✅ Recommendation:
This looks like a short-term recovery bounce in a broader downtrend. You can consider a scalp to swing trade, not a long-term hold yet. Wait for confirmation (e.g., a strong green 4h candle above MA(7) and MA(25)) if you want more safety.
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