$PEPE: WAIT - price sits in the middle, no edge yet.
What happened: Price fell from 0.00000562 to 0.00000429 and now moves sideways under a ceiling. Bitcoin fell to 67,449 and looks weak, so bounces can fail.
Entry: 0.00000465, only if an hourly candle touches it then closes back under 0.00000460.
Stop loss: 0.00000472, about 1.5% above entry.
Target 1: 0.00000449, gives about 1.8 times the risk.
Target 2: 0.00000429, gives about 4.3 times the risk.
Avoid longs, price sits under a tested ceiling and Bitcoin is weak.
What cancels the idea: Hourly close above 0.00000472. Break under 0.00000429 first means wait for a new setup.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: Price fell from 0.00000562 to 0.00000429 and now moves sideways under a ceiling. Bitcoin fell to 67,449 and looks weak, so bounces can fail.
Entry: 0.00000465, only if an hourly candle touches it then closes back under 0.00000460.
Stop loss: 0.00000472, about 1.5% above entry.
Target 1: 0.00000449, gives about 1.8 times the risk.
Target 2: 0.00000429, gives about 4.3 times the risk.
Avoid longs, price sits under a tested ceiling and Bitcoin is weak.
What cancels the idea: Hourly close above 0.00000472. Break under 0.00000429 first means wait for a new setup.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
