The explosive rally was just the first wave. After a healthy and necessary pullback from the highs, PEPE is now building a powerful base of support. This sideways consolidation is the accumulation phase where smart money gets positioned before the next major surge.
Don't mistake this calm for weakness; this is the market coiling a spring for an explosive move. $PEPE
๐ The Bullish Case (Why PEPE Is a Strong Buy Here)
๐น Rock-Solid Support Found: The price has established a major floor around the $0.00001190 level. Selling pressure has been completely absorbed here, and a wall of buyers has stepped in.
๐น Healthy Accumulation: This consolidation phase is not a sign of weakness, but of strength. It's shaking out impatient sellers and allowing strong hands to build positions for the next leg up.
๐น Higher Low Established: The price is holding firm above the absolute low, carving out a higher low. This is a classic, powerful signal that the bullish structure is forming and the trend is preparing to reverse.
๐น Fantastic Risk/Reward: Buying within this accumulation range provides an exceptional risk-to-reward ratio. Your potential upside is massive compared to the defined risk of placing a stop below the support zone. $PEPE
๐ The Trade Recommendation:
This is a classic "buy the accumulation" setup. We are looking to enter before the next major breakout.
โ BUY: In the current zone of $0.00001220 โ $0.00001240
๐ฏ TP1: $0.00001280 (First area of major resistance)
๐ฏ TP2: $0.00001320 (A re-test of the recent peak)
๐ SL: $0.00001180 (A secure stop below the consolidation support)
๐ฅ The Bottom Line: The correction is over, the base is being built, and the next move is just around the corner. This is your chance to get in on PEPE at the ground floor before the next major rally begins.
๐ Do you think PEPE will break out of this range this week? Let me know your thoughts! ๐
โค๏ธ Like if you're bullish on this PEPE setup, and follow for more high-conviction plays.
