ðĨ PEPE Breaking Out: Insane Risk Reward Opportunity
As of this morning, PEPE is trying to break through the bearish diagonal resistance line drawn on the chart.
With BTC trading neutral and stocks exploding upwards, there's little holding volatile tokens like PEPE down. Speaking of volatility, once this token actually catches an uptrend, expect it to be violent.
Wait for the 2H candle to close above the diagonal resistance to confirm the break out. TP/SL are on the chart. Ideally, take some profits around 193 and/or move the SL to break-even.
With BTC trading neutral and stocks exploding upwards, there's little holding volatile tokens like PEPE down. Speaking of volatility, once this token actually catches an uptrend, expect it to be violent.
Wait for the 2H candle to close above the diagonal resistance to confirm the break out. TP/SL are on the chart. Ideally, take some profits around 193 and/or move the SL to break-even.
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