Successful Trade on PEPE – Technical Analysis and Calculated Exit Strategy

I entered a trade on the $PEPE currency at the level of 0.00001330 after a strong support pattern formed on the 4-hour timeframe, supported by a noticeable increase in trading volume and the formation of a positive engulfing candle.

I noticed a selling saturation on the RSI indicator at level 30, which enhanced the likelihood of a bullish reversal. I set the target at 0.00002200, which is a previous resistance level, and it was successfully achieved with strict risk management and a stop loss just below the support.

The trade achieved approximate profits exceeding 65%.

My conclusion: Combining technical analysis with trading volume provided a strong entry signal. Adhering to the plan was the key to success.

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