$PEPE /USDT – Ongoing bullish accumulation, active long position 📈🐸
Position size: $1,044.40
Entry price: $0.01219
It has shown $PEPE signs of forming a constructive base, bouncing from local demand and reclaiming a short-term support area.
The asset appears to be entering a phase of upward consolidation, with a potential breakout depending on volume confirmation and broader market sentiment.
📊 Trade frame:
• Long entry: $0.01219
• Take profit levels:
• 🎯 TP1: $0.01285 – Initial breakout resistance
• 🎯 TP2: $0.01350 – Re-test of the previous supply zone
• 🎯 TP3: $0.01440 – Macro Resistance / Extension Target
• Stop loss: $0.01160 – below the structural low and invalidation level
🔍 Technical overlap:
Price action: A series of higher lows is forming on lower time frames, indicating accumulation beneath key resistance.
Volume profile: Gradual increase in market volume during green candles indicates natural buyer interest rather than speculative pumping.
Momentum signals: The Relative Strength Index remains in bullish territory; the Stochastic indicator suggests a potential bullish turn.
🧠 Strategic Vision:
This position is structured to take advantage of the potential trend reversal and expansion move, assuming sustainable support above the $0.01200 mark. If prices break resistance levels with significant volume, continued movement is likely.
Inability to maintain this area may lead to a bearish bucket or liquidity pull — hence the tight stop loss placement.
✅ Summary:
Trend: Bullish accumulation with potential breakout
Managed risk setup: Specific invalidation with gradual target accumulation
Vital area: $0.01200 must hold for the bullish thesis to remain valid.
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