The Ichimoku Cloud on the 4H chart for PEPE coin shows a compelling shift in momentum. The price recently pierced above the Kumo cloud, with the Tenkan-sen crossing above the Kijun-sen — a classic bullish signal. The Chikou span is free of price action, suggesting confirmation of upward trend momentum.
Key levels:
Support zone: Around 0.0000058 (cloud baseline)
Resistance zone: Around 0.0000072 (previous rejection level)
Entry idea: Consider entries on retest of the cloud top as support
Stop loss: Below the cloud base at 0.0000055
Profit targets: 0.0000072 and 0.0000085 for short to mid-term trades
If PEPE holds above the cloud, we might be witnessing the early stages of a trend reversal. Patience and volume confirmation are key.
Key levels:
Support zone: Around 0.0000058 (cloud baseline)
Resistance zone: Around 0.0000072 (previous rejection level)
Entry idea: Consider entries on retest of the cloud top as support
Stop loss: Below the cloud base at 0.0000055
Profit targets: 0.0000072 and 0.0000085 for short to mid-term trades
If PEPE holds above the cloud, we might be witnessing the early stages of a trend reversal. Patience and volume confirmation are key.
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