$PEPE Rejection of the candle from the demand zone — bulls are back in action!
It recorded a sharp rebound after searching for liquidity under the support zone. A strong buying candle followed by a bullish engulfing candle indicates a potential reversal. An ideal entry for scalpers and day traders looking for quick upward moves.
🔹Trade Setup:
• Entry Zone: 0.00000846 – 0.00000868
• Take Profit 1: 0.00000916
• Take Profit 2: 0.00000925
• Stop Loss: 0.00000810
📊 Market Overview:
The structure change has been confirmed with bullish momentum building. As long as the support at 0.00000840 holds, this buying setup remains strong. The price is quickly reclaiming the mid-levels — expect an increase in volume.
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