Pepe has been in a 2 month range. Throughout the range I can see that there was market participants accumulating supply (check OBV).
I'm looking to play this breakout, stops set on 1x ATR. If it doesn't break, good, let it range more, and then we'll come back to the next time that it will breakout. Either-way if given that PEPE ranges for longer in a bull market, it will be good to catch the next breakout, since the longer the range the nastier the breakout.
There are a few other catylsts as well to push the price up (CB listing, etc.) I have not taken that into account and this is purely a price/technicals based entry.
I'm looking to play this breakout, stops set on 1x ATR. If it doesn't break, good, let it range more, and then we'll come back to the next time that it will breakout. Either-way if given that PEPE ranges for longer in a bull market, it will be good to catch the next breakout, since the longer the range the nastier the breakout.
There are a few other catylsts as well to push the price up (CB listing, etc.) I have not taken that into account and this is purely a price/technicals based entry.
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Pepe is currently trying to breakout. Let's see how this goes.
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My stop loss will probably be hit tomorrow if this breakout is not successful.
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I expect a red candle to retest any moment.
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Red candle is here! Now we wait
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Long awaited retest comes.. Lol, probably a good time to pyramid longs
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NGL chart structure loooks good and all, I might consider adding to my position here.
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I have added to my long position. Godspeed.