Here's the visual trade setup on the 4H chart for PEPE/USDT:
Green Dashed Line: Entry Point – 0.00001543
Blue Dashed Line: Take Profit – 0.00001680
Red Dashed Line: Stop Loss – 0.00001430
Arrow: Indicates bullish trade direction
Here's a TradingView Pine Script strategy based on the trade setup we discussed:
//@version=5 strategy("PEPE/USDT 4H Breakout Strategy", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100) // Parameters entryPrice = 0.00001543 takeProfit = 0.00001680 stopLoss = 0.00001430 // Entry Condition: Price crosses above entry price level longCondition = close > entryPrice and close[1] <= entryPrice if (longCondition) strategy.entry("Long", strategy.long) // Exit Conditions strategy.exit("Take Profit", from_entry="Long", limit=takeProfit) strategy.exit("Stop Loss", from_entry="Long", stop=stopLoss) // Plot levels on chart plot(entryPrice, title="Entry Price", color=color.green, linewidth=1, style=plot.style_linebr) plot(takeProfit, title="Take Profit", color=color.blue, linewidth=1, style=plot.style_linebr) plot(stopLoss, title="Stop Loss", color=color.red, linewidth=1, style=plot.style_linebr)
How to Use:
Open TradingView.
Go to Pine Editor.
Paste the code above.
Click Add to Chart.
Then click Strategy Tester to view performance.
