PEPE Long Position (Higher Lows & Support Flip
2024-10-22

Market Context: PEPE is forming higher lows above the 21 EMA, flipping resistance into support, indicating potential momentum for the next leg up. We're looking for consolidation around the current support zone and a potential breakout of the $0.000011 resistance level.

Trade Setup:

Entry: Around the current support zone
Take Profit:
First target: $0.000011 - $0.00001134
Second target: $0.00001250 - $0.00001280

This trade is based on the expectation of price coiling and breaking resistance for further upside expansion. #PEPE #Crypto #SupportFlip #EMA