PEPE breaks out longest channel / high risk / high reward setup.

Hi friends hope you are well and welcome to the new update on PEPE:

Channel breakout:
PEPE has just broken out a 40 days long resistance of a down channel.

Applying Divergence check on the breakout:
There is no bearish divergence therefore the breakout is valid but sofar, volume is low.

Inverse Head & Shoulder move:
There is another up trendline resistance of inverse Head & Shoulder pattern's neckline.
For safer side we can wait for priceline to breakout neckline of this head and shoulder.

For detailed analysis, you can also watch the below video:

Targets:
Target for the channel's breakout is Target: $0.00000208

Stop loss can be below the recent swing low before the breakout, which is at $0.00000082.
Below is the view:

Conclusion:

It is a high risk / high reward setup.

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.