$PEPE /USDT Chart Analysis & Trade Setup:

Pattern Observed:

A potential Inverse Head and Shoulders is forming, which is a classic bullish reversal pattern.

Key support trendline is intact and holding well, indicating accumulation.

#PEPE‏ Price is approaching the neckline resistance around 0.00001390 - 0.00001400, which, if broken, can trigger strong bullish momentum.

Trade Setup:

Entry Point:

Buy on breakout above 0.00001400 with volume confirmation.

Stop Loss:

Below the right shoulder support at 0.00001290.

Take Profit Zones:

TP1: 0.00001550

TP2: 0.00001680

TP3 (aggressive target): 0.00001850

Risk-Reward Setup:

A breakout above the neckline with a tight stop below structure offers a favorable 3:1 or better risk-reward ratio.

Sentiment:

Bullish bias with potential for breakout continuation if neckline is cleared. Watch volume for confirmation. Avoid chasing – wait for retest if missed.

Trade here on $PEPE