🔥 PEPE Double Bottom Trade With High Potential Reward

PEPE has been declining for nearly a month now. One would think that a highly anticipated token of this magnitude will bottom out at some point.

This trade is based on the idea that PEPE will retest the fear bottom of 105, which will hold and cause a big bounce towards the 200 region, like it did immediately after the fear dump on 12-05.

Keeping a tight stop at 99 to keep a very decent risk-reward of almost 16.

Comment:

SL was a bit tight. An entry from here with an SL below the current low (93) might work out if BTC finds some support. Keep in mind that we're currently in a news-related dump, so there's certainly some risk involved.

Comment:

Second entry is playing out perfectly