PEPE Targets $0.00002300: Smart Money Drives Bullish Breakout!

PEPE/USDT 4H Chart Analysis (SMC Principles)

Current Market Condition:
Price: $0.00001968.
Bias: Bullish after breaking above the equilibrium zone ($0.00001800-$0.00001900).

Key Levels:

1. Support:
2. Discount zone: $0.00001700 (recent accumulation).
   
3. Equilibrium zone: $0.00001800-$0.00001900.
   
4. Resistance:
5. Premium zone: $0.00002100 (T1).
   
6. Previous swing high: $0.00002300 (T2).
   Momentum Indicators
7. :
   

RSI: At 65.3, indicating healthy bullish momentum without entering overbought territory.
Hidden bullish divergence: Observed on RSI from recent lows, confirming further potential upside.

Trade Setup:

• Entry: $0.00001950-$0.00001970.
  
• Targets:
  T1: $0.00002100 (premium zone).
  
• T2: $0.00002300 (previous swing high).
  
• Stop Loss: Below $0.00001800 (to minimize risk).
  
• Risk-to-Reward: Favorable setup with controlled downside.
  
• Confidence Level: 8/10 for continued bullish movement.
  

Market Maker Activity:

• Accumulation: Significant buying occurred in the discount zone ($0.00001700), signaling smart money interest.
  
• Current expectation: Controlled price increases targeting premium zones, with potential minor shakeouts at key levels to test weaker hands before continuation.
  

Considerations:

• Support test: Ensure price remains above $0.00001900 to maintain bullish momentum.
  
• Volume confirmation: Monitor for consistent buy volume near entry and resistance levels.
  
• Resistance reaction: Be cautious at $0.00002100 (premium zone) for signs of temporary rejection or distribution.
  

This setup suggests a strong bullish continuation to $0.00002100-$0.00002300, supported by institutional activity and favorable market structure.