🔥 PEPE Leaving Oversold Area: Is This The Bottom?

9 ביוני 2023

In my most recent PEPE analysis I argued that it was likely that PEPE was forming some kind of bottom. The initial trade hit SL due to it being a bit too tight. However, the second trade is still in profit and is currently looking great.

For the people who missed the last entry, a new entry signal has emerged.

- PEPE is leaving the oversold (<30) area on the daily RSI.
- PEPE has formed a higher-low on the 4H time frame.

Entry placed at 114, which is yesterday's local top. SL under the swing low, around 104. Target still remains at 200.