$PEPE The reported short liquidation indicates upward price pressure around $0.004270, potentially reflecting a squeeze on bearish traders. However, the event alone cannot establish whether the broader trend is bullish or whether price is approaching buy-side liquidity and a potential rejection zone. Under SMC and ICT principles, confirmation would require a break of local structure followed by a successful retest, with volume supporting the move. Avoid chasing a sharp candle immediately after a liquidation spike.
đ Trade Plan
Bias: LONG â conditional
Entry: $0.00423â$0.00429, after confirmation
TP1: $0.00438
TP2: $0.00450
TP3: $0.00465
SL: $0.00415
Risk-to-Reward: Approximately 1:1 to 1:3.5, depending on entry
Trade Grade: B â provisional
Trade Thesis: A sustained hold above $0.004270 could support continuation toward nearby liquidity. Look for a bullish market-structure shift, expanding volume, and a retest of a demand zone. If price rejects the level and loses support, the long thesis weakens.
đ Trade Plan
Bias: LONG â conditional
Entry: $0.00423â$0.00429, after confirmation
TP1: $0.00438
TP2: $0.00450
TP3: $0.00465
SL: $0.00415
Risk-to-Reward: Approximately 1:1 to 1:3.5, depending on entry
Trade Grade: B â provisional
Trade Thesis: A sustained hold above $0.004270 could support continuation toward nearby liquidity. Look for a bullish market-structure shift, expanding volume, and a retest of a demand zone. If price rejects the level and loses support, the long thesis weakens.