PEPE/USDT 1H: Bullish Breakout in Play – Can $0.00001200 READY!

PEPE/USDT 1H: Bullish Breakout in Play – Can $0.00001200 Be Reached?
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Current Market Structure:

• Bullish breakout confirmed, price breaking above $0.00001060 resistance with strong momentum.
  
• RSI at 75.21, indicating bullish strength, but still below extreme overbought conditions.
  
• Pattern: Ascending triangle breakout, signaling trend continuation.
  

Key Levels:

• Support: $0.00000950 (previous accumulation zone).
  
• Resistance: $0.00001200 (next major target).
  
• Current Price: $0.00001064.
  
• Trade Setup (Confidence 8/10):
  
• Entry Zone: Current price ($0.00001064) or pullback to $0.00001020 for better positioning.
  

Targets:

• T1: $0.00001150 (initial resistance).
  
• T2: $0.00001200 (major liquidity zone).
  
• Stop Loss: Below $0.00000920 (below previous accumulation zone).
  

Risk Score:
7/10 – Favorable R:R setup, but RSI suggests watching for pullbacks.
Market Maker Analysis:

• Accumulation phase complete, now transitioning into markup.
  
• Breakout above previous range confirms institutional positioning.
  
• Hidden bullish divergence on RSI, reinforcing trend strength.
  

Recommendation:

• Long positions remain favorable at $0.00001064 or pullback to $0.00001020.
  
• Tight stops below $0.00000920 to protect against invalidation.
  
• Watch for rejection at $0.00001150 before confirming move to $0.00001200.
  

Confidence Level:

• 8/10 – Strong breakout structure, Smart Money accumulation confirmed.
  

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