$PEPE, Swing long to new highs with a Simple Trigger
Key TA Observations
We have a clear 12-hour range here with a bullish TA:
• Successfully bounced off the range lows✅
• Retested and flipped the 12h 200-period S&R to support✅
• Currently attempting to break the 12h 100-period S&R resistance⏳
• In the process of breaking the downtrend line⏳
• In the process of breaking the key supply block at the mid-range⏳
The long trigger is simple
• Break the downtrend line and the 12h 100-period S&R ribbon.
• Close the 12h candle above the key level (red line).
Once this is confirmed, I will look for some consolidation and long the retest. Overall, the Break and flip of the red line is key because it's a key 1D level. So, watch out for it.
This is a swing long for me with deep SL, So manage your risk, lev, and position size accordingly if you take the setup.
Let's send it to GLHF
#PEPE #PEPEUSDT
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