Based on the chart you provided (1-hour timeframe for PEPE/FDUSD), here is a basic entry strategy, along with stop-loss and take-profit levels using technical analysis:
๐ Entry Point (Buy Entry)
Potential Entry Zone: Around 0.00001265 to 0.00001270
Reason: Price is pulling back after a short bounce from the low (0.00001261).
You may consider entering when the price shows a bullish candlestick pattern or crosses above a short-term moving average like MA(7).
๐ Stop-Loss (SL)
Suggested SL: Below the recent swing low at 0.00001260
Conservative SL: 0.00001258
Reason: If the price breaks below this, the downtrend may continue.
๐ฏ Take-Profit (TP)
Use multiple targets depending on risk/reward preference:
TP1: 0.00001285 (near MA(25), potential resistance)
TP2: 0.00001303 (recent swing high)
TP3: 0.00001330 โ 0.00001360 (24h high and beyond, aggressive target)
๐งฎ Risk/Reward Example
If you enter at 0.00001270:
SL at 0.00001258 โ Loss = 12 points
TP1 at 0.00001285 โ Gain = 15 points (1.25 R:R)
TP2 at 0.00001303 โ Gain = 33 points (2.75 R:R)
๐ Notes
Watch volume: A rising price with low volume may not hold.
Confirm with RSI or MACD crossover (MACD is still bearish in your image).
Use alerts to manage entry/exit more effectively if you arenโt watching the screen.
Would you like me to mark these levels on the chart visually for you?
$PEPE #PEPEโ #Tradersleague