Long Setup Order:
• Entry: 0.01260
• Take Profit (TP): 0.01330 – 0.01350
• Stop Loss (STL): 0.01220
Explanation:
After many days of sideways movement in the accumulation zone 0.01150 – 0.01260, 1000PEPEUSDT has officially broken out of resistance with large volume. The Ichimoku cloud has completely turned green, MACD has crossed up and maintained above 0 indicating that the upward momentum is still strong. The 0.01260 zone now becomes short-term support, which is the ideal entry point if a pullback occurs. The accumulated volume before the breakout reached over 56T, while the breakout was accompanied by 29T of confirming cash flow. This is a clear signal that smart money has entered the market. The price target is aimed at the old peak around 0.01330 – 0.01350. The strategy is to buy when the price retraces to the breakout zone, with a slight stop loss below the nearest bottom.
