Based on the chart you provided for PEPE/USDT on the 1-hour timeframe, here's a suggested entry point, stop-loss, and take-profit strategy:
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๐ Current Price: 0.000000962
๐ Trend: Bearish (strong sell-off)
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โ Entry Point:
Buy Entry (Reversal Attempt): Around 0.000000960
(If price stabilizes or forms a bullish candle after the dip to 0.000000954)
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โ Stop-Loss:
Below the recent low at 0.000000954
Set stop-loss at 0.000000945
(To protect against further downside)
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๐ฏ Take-Profit Targets:
TP1: 0.000000982 โ Previous minor support/resistance
TP2: 0.000001000 โ Psychological level
TP3: 0.000001025 โ 24h high (for aggressive target)
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๐ Summary:
Type Price
Entry 0.000000960
Stop-Loss 0.000000945
Take-Profit 1 0.000000982
Take-Profit 2 0.000001000
Take-Profit 3 0.000001025
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๐ Tip: Wait for confirmation (like a bullish engulfing candle or strong RSI bounce) before entering. Given the bearish momentum, entering without confirmation can be risky.
