PEPE is about to break

2023年6月20日

PEPE has lost 80% of value since being listed.

Today, with the rise of BTC, PEPE is at the breaking point to escape the descending broadening wedge pattern.

On 12TF, the volume indicators CMF and MFI had already broken their trendlines. This implies that buy pressure has increase slowly and possibly the local bottom is set.

A trade setup is as in chart with TP (blue lines) and SL (red line)

2023年6月20日

交易進行

2023年6月21日

註釋

+13% since entry

The break-out was done without big volume and BTC faces strong resistance at $30000.

Be ready if PEPE would retest the broken trendline.

2023年6月21日

註釋

+26% since entry
TP1 done

2023年6月21日

註釋

+48% since entry
TP2 done

2023年6月22日

註釋

+58% since entry
TP3 done

2023年6月23日

註釋

If PEPE would reach the final target $0.000002 on weekend?
20% more to go!

2023年6月25日

註釋

PEPE has been consolidating during these weekends. It's likely that a bullish pennant is being formed. Another leg up to surpass the final target?

2023年6月27日

註釋

PEPE is breaking out the bull flag (updated)

2023年6月28日

註釋

The bull flag has failed. Here below what i'm watching: the current support 0.00136 should hold so that consolidation continues before a potential leg-up.

2023年6月29日

註釋

PEPE is bouncing well

2023年6月30日

註釋

Update:

2023年7月1日

註釋

PEPE is still in consolidation for another leg up, in my opinion

2023年7月3日

註釋

SOS (Sign Of Strength) is on-going

2023年7月7日

手動結束交易

I closed this trade due to weakness of BTC