Pepe Analysis and Trading Plan 1k4
Analysis.
A sharp upward movement in October, which peaked at 0.00002836, after which a correction began.
The price is in a consolidation zone in the range of 0.00001430–0.00002031 with a local bearish inclination.
The price is moving near the lower boundary of the range 0.00001500, where local support is observed, but there are still no clear signs of recovery.
The price is at a strong support level of 0.00001500, which minimizes risk and creates a potential entry point.
The nearest liquidity zones provide a good risk-to-reward ratio
Trading Plan.
Entry Point: 0.0000158
Stop-Loss: 0.00001430
Take-Profit: 0.0000221
Ratio 1k4