PEPE – 30-Min Long Trade Setup!

📌
🔹 Asset: PEPE Market Cap (PEPE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakout & Trendline Support Long Trade

📌 Trade Plan (Long Position)
✅ Entry Zone: Above $4.22B (Breakout Confirmation)
✅ Stop-Loss (SL): Below $4.13B (Break of Support & Trendline)

🎯 Take Profit Targets
📌 TP1: $4.33B (First Resistance Level)
📌 TP2: $4.45B (Final Target – Extended Bullish Move)

📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $4.22B - $4.13B = $0.09B risk per trade
📈 Reward to TP1: $4.33B - $4.22B = $0.11B (1.22 R/R)
📈 Reward to TP2: $4.45B - $4.22B = $0.23B (2.55 R/R)

🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakout Setup: Price has broken above the wedge resistance, indicating bullish strength, but a wedge formation can also indicate a potential pullback if volume declines.
📌 Trendline & Support Bounce: Price is holding above the ascending trendline, confirming strong buyer support.
📌 Breakout Confirmation: A strong bullish candle above $4.22B with increasing volume would validate the breakout.
📌 Momentum Shift Expected: If price holds above $4.22B, a rally toward $4.33B (TP1) and $4.45B (TP2) is likely.

📊 Key Support & Resistance Levels
🟢 $4.13B – Strong Support / Stop-Loss Level
🟡 $4.22B – Entry / Breakout Level
🔴 $4.33B – First Resistance / TP1
🟢 $4.45B – Final Target / TP2

🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $4.22B before entering.
📈 Trailing Stop Strategy: Move SL to entry ($4.22B) after TP1 ($4.33B) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $4.33B, let the rest run to $4.45B.
✔ Adjust Stop-Loss to Break-even ($4.22B) after TP1 is reached.

⚠️ Fake Breakout Risk
❌ If price breaks below $4.13B, it could indicate a bearish reversal from the rising wedge—exit early.
❌ Wait for a strong candle close above $4.22B for confirmation before entering aggressively.

🚀 Final Thoughts
✔ Bullish Setup – Holding above $4.22B could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.22 to TP1, 1:2.55 to TP2.

💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
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