#PEPE Breakout of Ascending Triangle

Oct 14

📊#PEPE Breakout of Ascending Triangle📈

🧠 It is relatively safe to short when we first reach the upper edge of the ascending triangle, but I still patiently waited to build a bearish structure before entering the short trade, and the reason for participating in the short trade is to be able to participate in new long trades in the support zone and buy zone below.

➡️ Fortunately, the market developed as expected, and the long order was triggered shortly after we manually closed the short position. From the entry to now, we have gained 14.39%, and 80% of the main profit has been locked. Congratulations to friends who follow the wolf king to print money. 🥳

⚠️ There are currently two resistances that can be paid attention to, one is point C, and the other is around 0.0115.

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1000PEPEUSDT.P

Oct 16

Trade active

#1000PEPE

Although we have successfully broken through the ascending triangle, we still need to be wary of the risk of a pullback.

From a cyclical perspective, if we cannot continue to rise from the current position and instead start to fall, it means that this 27% rise in the upward trend has ended.

Therefore, we can move the SL up to 0.0100300

Oct 17

Trade closed manually

The upward SL has been touched and the remaining orders have been closed