After a strong pump, PEPE is now in a correction and has settled into a tight sideways range. This "chop zone" is where emotional traders lose by trying to guess the next move.
Instead of guessing, we will define the clear battle lines. A professional trader waits for a confirmed winner before entering the fight.
📊 The Analysis: Defining the Battlefield
The fight between buyers and sellers is happening in a very specific zone:
🔹 Resistance (The Ceiling): Sellers are currently defending the $0.00001000 psychological level.
🔹 Support (The Floor): Buyers are stepping in to protect the $0.00000958 area (the recent low).
🔹 The Market Emotion: Fear of further downside mixed with hope for another leg up.
📈 The Game Plan: Don't Guess, React.
The #1 rule in a choppy market is: Wait for confirmation. Don't trade in the middle of the range. We need a clear signal that the consolidation is over.
1. The Bullish Reversal Plan 🐂
✅ Entry Signal: Wait for a strong 1-hour candle to close decisively ABOVE $0.00001000. This confirms buyers are regaining control.
🎯 TP1: $0.00001049 (Retest of the recent high)
🎯 TP2: $0.00001100
🛑 SL: Place it back inside the range, around $0.00000985.
2. The Bearish Continuation Plan 🐻
✅ Entry Signal: Wait for a strong candle to close decisively BELOW $0.00000958. This confirms sellers have won and the correction is likely to continue.
🎯 TP1: $0.00000920
🎯 TP2: $0.00000892 (The low before the last pump)
🛑 SL: Place it back inside the range, around $0.00000970.
🔥 The Bottom Line: Trading is a game of probability. By waiting for a break of this range, you shift the odds dramatically in your favor. Let others get chopped up; you wait for the high-probability move.
👇 Which way do you think PEPE breaks? Back UP 🐸 or further DOWN 📉? Vote in the comments!
❤️ Like if this plan helps you stay patient, and follow for more clear strategies!