PEPE Long Spot Opportunity
2025-01-31
Category: None

Market Context:
PEPE, as a leveraged beta play on Ethereum, tends to outperform during ETH rallies. With price currently interacting with the 200-day EMA, there's a high probability for a bounce from this key support level. A bottom here could lead to a significant rally.

Trade Details:

Entry Zone: $0.00001 (strong bounce zone, near 200-day EMA)
Take Profit Targets:
$0.0000165
$0.00003
$0.00004
Stop Loss: Daily close below $0.000008

This setup offers an attractive risk-to-reward ratio, positioning us for potential upside as PEPE aligns with Ethereum’s momentum. Stay vigilant on price action and adjust stop loss if needed! 📈