PEPE Targets $0.00002300: Smart Money Drives Bullish Breakout!
2025-01-17
Category: None

PEPE/USDT 4H Chart Analysis (SMC Principles) 

 Current Market Condition: 
 Price:  $0.00001968.
 Bias:  Bullish after breaking above the equilibrium zone ($0.00001800-$0.00001900).
 
Key Levels: 
 
 
 

 
 Support: 
 Discount zone:  $0.00001700 (recent accumulation).
 Equilibrium zone:  $0.00001800-$0.00001900.
 Resistance: 
 Premium zone:  $0.00002100 (T1).
 Previous swing high:  $0.00002300 (T2).
 Momentum Indicators 
 :
 
 
 RSI:  At 65.3, indicating healthy bullish momentum without entering overbought territory.
 Hidden bullish divergence : Observed on RSI from recent lows, confirming further potential upside.

 Trade Setup: 
 
 
 
 
 Entry:  $0.00001950-$0.00001970.
 Targets:
 T1:  $0.00002100 (premium zone).
 T2:  $0.00002300 (previous swing high).
 Stop Loss:  Below $0.00001800 (to minimize risk).
 Risk-to-Reward:  Favorable setup with controlled downside.
 Confidence Level:  8/10 for continued bullish movement.
 

 Market Maker Activity: 
 
 
 
 
 
 Accumulation:  Significant buying occurred in the discount zone ($0.00001700), signaling smart money interest.
 Current expectation:  Controlled price increases targeting premium zones, with potential minor shakeouts at key levels to test weaker hands before continuation.
 

 Considerations: 
 
 
 
 
 Support test:  Ensure price remains above $0.00001900 to maintain bullish momentum.
 Volume confirmation: Monitor for consistent buy volume near entry and resistance levels.
 Resistance reaction:  Be cautious at $0.00002100 (premium zone) for signs of temporary rejection or distribution.
 

This setup suggests a strong bullish continuation to $0.00002100-$0.00002300, supported by institutional activity and favorable market structure.