🚀 1000PEPE Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 0.0038500 - 0.0040000
SL: 0.0037500
TP1–TP3: 0.0044200 / 0.0050000 / 0.0064000
Technical Analysis:
The asset is exhibiting potential signs of accumulation near a significant support level on the daily chart. Price is currently interacting with the lower Bollinger Band, a level that often provides support and can precede a bounce toward the middle band (approx. 0.00442). The RSI is in the lower range, indicating that the preceding downtrend may be losing momentum. A bullish confirmation would be a strong defense of the 0.0038 support area followed by a price move above the immediate local resistance, establishing a higher high on the lower timeframes. This setup anticipates a relief rally or a reversal from the current lows.
Invalidation:
Only a break and daily close below the recent swing low of 0.0038128 would invalidate this bullish setup.
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