Technical analysis by achooooooooool about Symbol PEPE: Buy recommendation (4/25/2024)

Description:PepeUSDT has recently touched its first resistance level and is now forming a cup and handle pattern, indicating potential bullish continuation. The cup and handle pattern suggests a period of consolidation followed by a breakout towards higher resistance levels. Traders may consider entering a long position with a target at the second resistance level, anticipating a bullish move. However, it's essential to monitor the pattern's development and confirm the breakout before entering the trade.Entry: Upon confirmation of the handle formation and breakout above the handle's resistance.Stop Loss: Below the recent swing low or the pattern's lower boundary.Target: Second resistance level or based on subsequent price action.Risk/Reward Ratio: Adjust according to personal risk tolerance and market conditions.Remember to perform thorough analysis and risk management before executing any trades.