Open a long position $1000PEPE at 0.00402 on the 4H timeframe. The next target is 0.00409 if the price holds. 0.00399 is my exit level.
Why I’m watching:
- The 4H price is at 0.00403, below the EMA50 at 0.00413: this is an attempted bounce against the trend, so the stop-loss level is very important
- Risk of 0.99% to SL versus a 1.6% gain to TP3: about a 1.6R ratio if the price reaches the full target
🟢 BUY · Entry 0.004023–0.004029 · TP 0.004050 / 0.004066 / 0.004090 · SL 0.003986
Why I’m watching:
- The 4H price is at 0.00403, below the EMA50 at 0.00413: this is an attempted bounce against the trend, so the stop-loss level is very important
- Risk of 0.99% to SL versus a 1.6% gain to TP3: about a 1.6R ratio if the price reaches the full target
🟢 BUY · Entry 0.004023–0.004029 · TP 0.004050 / 0.004066 / 0.004090 · SL 0.003986