1000PEPEUSDT | S***coin Mania

1000Pepe was a fun thing to play in the recent months with high volatility. Currently looking at two scenarios.


Scenario 1 (Blue arrow) (Position opened)

Price stays above the the blue line (bottom of the range, former support level) (Also served as a short term resistance )
and moves towards the 50% of the range, slight resistance and then takes out the top part of the resistance

S-L: A 2 days closing below the bottom of the range
Target: Slightly below the top of the range


Scenario 2 (Green arrow) (Only opened after Position one was either closed with a target hit or Stop- Loss hit)

Price falls below range bottom and retakes it. On the first minor downtrend (4h) after the retake buy.

S-L: Price reaches marked Stop- Loss- Level
Target: Slightly below the top of the range



Good luck

Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)

Trade active:

Currently in Position (See Scenario 1)

Comment:

Looking good, already ~ +30%

Comment:

Price moved so far as shown with the blue arrow (Scenario 1): Moved higher than the 50% Fib level and reacted to the S/R Level above.

Trade closed manually:

Dont like how the market structure is looking. Will close the position here. +34%