A supply limit has been reached.
The PEPE structure is bearish (due to bearish CH and lower H and L on the chart).
But it has cleared important resistances. This point makes us look for buy/long positions on important supports.
If it reaches the red range, you can look for sell/short setups.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The PEPE structure is bearish (due to bearish CH and lower H and L on the chart).
But it has cleared important resistances. This point makes us look for buy/long positions on important supports.
If it reaches the red range, you can look for sell/short setups.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active:
It fell and the first target was hit
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