🐸 PEPE/USDT (4H Chart) - Potential Reversal Setup 🚀
Hey guys! Here is a detailed technical breakdown of the PEPE/USDT 4-hour chart based on Smart Money Concepts (SMC) and price action. We are looking at a potential major reversal setup ahead.
🔍 Market Structure Analysis (What Happened?)
Ascending Channel & LQ Sweep: Price was initially moving inside a strong bullish ascending channel. It then hit a major liquidity sweep (LQ Sweep) at the top, capturing buy-side liquidity.
CHoCH & Strong Candle Break: After the sweep, a aggressive bearish momentum triggered a Change of Character (CHoCH) with a strong candle break below the channel's support line.
Break of Structure (BOS): The bearish trend was confirmed by consecutive Breaks of Structure (BOS) on the way down, establishing a clear short-term downtrend.
📉 Current Situation
Price is currently following a descending trendline (resistance). However, it is steadily approaching a critical demand area.
The Supply/Buy Zone: A major institutional demand zone is sitting between 0.00000310 and 0.00000319. This is where we expect smart money to step in.
🎯 The Game Plan (Bullish Reversal Setup)
We are waiting for the price to mitigate the green Supply/Buy Zone before looking for a long opportunity.
1 Entry Zone: Look for entries inside the 0.00000310 – 0.00000319 area (Watch for a bullish confirmation/reversal pattern on lower timeframes once it hits this zone).
2 Take Profit (TP) Targets:
1st TP: 0.00000350 (Recent minor lower high / trendline break confirmation)
2nd TP: 0.00000380
3rd TP: 0.00000420
Final Target: 0.00000440+ (The Resistance Sell Zone / Break Final Buy area)
⚠️ Note: Always practice proper risk management. Wait for the price to drop into the buy zone and show signs of rejection before jumping in!
What are your thoughts on PEPE? Let me know in the comments! 👇#PEPE #usdt #BTC #NewsAboutCrypto
Hey guys! Here is a detailed technical breakdown of the PEPE/USDT 4-hour chart based on Smart Money Concepts (SMC) and price action. We are looking at a potential major reversal setup ahead.
🔍 Market Structure Analysis (What Happened?)
Ascending Channel & LQ Sweep: Price was initially moving inside a strong bullish ascending channel. It then hit a major liquidity sweep (LQ Sweep) at the top, capturing buy-side liquidity.
CHoCH & Strong Candle Break: After the sweep, a aggressive bearish momentum triggered a Change of Character (CHoCH) with a strong candle break below the channel's support line.
Break of Structure (BOS): The bearish trend was confirmed by consecutive Breaks of Structure (BOS) on the way down, establishing a clear short-term downtrend.
📉 Current Situation
Price is currently following a descending trendline (resistance). However, it is steadily approaching a critical demand area.
The Supply/Buy Zone: A major institutional demand zone is sitting between 0.00000310 and 0.00000319. This is where we expect smart money to step in.
🎯 The Game Plan (Bullish Reversal Setup)
We are waiting for the price to mitigate the green Supply/Buy Zone before looking for a long opportunity.
1 Entry Zone: Look for entries inside the 0.00000310 – 0.00000319 area (Watch for a bullish confirmation/reversal pattern on lower timeframes once it hits this zone).
2 Take Profit (TP) Targets:
1st TP: 0.00000350 (Recent minor lower high / trendline break confirmation)
2nd TP: 0.00000380
3rd TP: 0.00000420
Final Target: 0.00000440+ (The Resistance Sell Zone / Break Final Buy area)
⚠️ Note: Always practice proper risk management. Wait for the price to drop into the buy zone and show signs of rejection before jumping in!
What are your thoughts on PEPE? Let me know in the comments! 👇#PEPE #usdt #BTC #NewsAboutCrypto
