In this PEPE/USDT trade analysis, we focus on identifying key price action patterns and potential breakout opportunities.

Market Overview

The chart highlights a Major Order Block Zone, where the price has shown signs of strong buying interest. This green zone acts as a foundation for a potential upward move.

Key Levels and Strategy

  1. Accumulation Phase: The price is currently consolidating within the order block, showing rejection from the lower boundary.

  2. Breakout Confirmation: A breakout above the $0.009000 resistance level is anticipated.

  3. Retest for Entry: After the breakout, a retest of the previous resistance as support is expected.

  4. Bullish Rally: The price is projected to surge towards the $0.018000 target.

Key Levels to Monitor

  • Support Zone (Order Block): $0.005000 - $0.006000

  • Breakout Level: $0.009000

  • Target Zone: $0.018000

Risk Management Strategy

  • Stop Loss: Below the order block at approximately $0.004500

  • Take Profit: Gradually scale out between $0.015000 and $0.018000

Conclusion

Monitoring the breakout and retest will provide an optimal entry point for a potential bullish move. Proper risk management will help in maximizing profits while minimizing losses.

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