At BITmarkets, our technical analyses prioritize diversification across both project sectors and time horizons, acknowledging that our clients have varying trading styles. Some traders seek long-term investments, while others favor short-term trades.

Today, we focus on the long-term potential of one of the most iconic meme-coins, PEPE.

Weekly time frame analysis

PEPEUSD - 1 Week Time Frame

On the weekly timeframe, we see that the price of PEPE has successfully closed above a key resistance zone, which is now acting as support. This zone represents an inversion fair value gap, a crucial element that the price has already recognized as a support level.

Before this, there was a notable withdrawal of sell-side liquidity, a key part of our trading model. This liquidity withdrawal allows commercial market participants to enter the market, which sets the foundation for further price action.

Daily time frame analysis

PEPEUSD - 1 Day Time Frame

Looking at past price movements, we can observe how our trading model has executed a successful trade. The price initially captured liquidity, then inverted the fair value gap, eventually hitting the take profit level.

When to buy PEPE?

PEPE's current price level offers long-term investors a favorable entry point, supported by solid technical parameters.

For those looking to seize this buying opportunity while PEPE is still at a discounted price, it's crucial to set a cover stop-loss order below the internal higher low.

The take-profit should be placed at the all-time high (ATH) and other Fibonacci levels. For traders with a more aggressive approach to risk management, the stop-loss can be positioned higher, as indicated on the attached chart.

Whether you follow conservative or aggressive risk management, now may be the time to consider taking advantage of PEPE’s discounted value.