🔥 PEPE Oversold Bounce From Support: Great Upside!

PEPE has been trading bullish alongside the dotted support line for around a week now. This trade is based on the idea that PEPE will once again bounce from said support. The idea of the bounce is reinforced by the fact that the RSI has hit oversold on the hourly chart, which has always caused a bounce in recent history.

Target at 200, stop at 159 just below the support. It's a risky trade, but has very decent upside.

Commentaire:

🎯 Perfect reversal from the support