【$PEPE Signal】Healthy pullback after a strong breakout at the 1H level with a pullback

$PEPE The 1H level has experienced a massive rally and is currently in a high-level consolidation phase to digest gains. A towering bullish candle on the 4H chart confirms strong momentum. The current price retraces to the 1H EMA20 (around 0.0042) for initial support. This is a typical first pullback buy point for a strong coin. Open interest remains stable, funding rates are healthy, and the bullish pattern remains intact.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00420 - 0.00425 (Reason: Dynamic support at 1H EMA20 + the 0.382 Fibonacci retracement of the previous rally )

🛑Stop Loss: 0.00405 (Reason: Break below 1H EMA50 and the previous 1H candle’s low destroys the bullish structure )

🚀Target 1: 0.00465 (Reason: Previous high resistance level, also the intraday high area )

🚀Target 2: 0.00485 (Reason: Based on the recent rally’s 1.272 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Daily gains have exceeded 20%, volatility is very high, strict risk control is necessary )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks above 0.00465 and stabilizes, consider the second target at 0.00485.

Deep logic: The volume on the 4H chart surges, indicating a typical main capital entry signal. Although the 1H RSI is high (83), there is no bearish divergence, which is characteristic of a strong market. Order book data shows buy depth accumulating between 0.0042-0.00425, providing immediate support. Market logic suggests upward movement, combined with stable open interest, indicating this is more likely driven by major players rather than just short covering. The current strategy is to target the first pullback of a strong coin, with a risk-reward ratio >1.5, making it a manageable risk.

Trade here 👇 $PEPE

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