Trading Class

Markets › Pepe › Support bounce

Crypto · price-structure setup

Support bounce on Pepe

On Pepe the support bounce showed up 61 times. The target came first 34% of the time, the stop 57%, and 8% went nowhere within 12 candles.

Counted on Pepe (PEPE/USDT): daily candles from May 2023, 4-hour candles from May 2023 and hourly candles from May 2023.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1100%0%0%
4-hour1377%23%0%
Hourly4721%68%11%

Pepe against the rest

ChartsFoundTarget firstStop firstWent nowhere
Pepe6134%57%8%
All Crypto charts2,18034%55%11%
Every market2,91035%56%10%

Year by year

YearFoundTarget firstStop first
20231560%27%
20241638%62%
20251822%67%
20261217%75%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the support bounce is

Price fell back to a level that stopped it before, and bounced again.

Drop a ball and it bounces off the floor. Support is a price floor where falls stopped before, because buyers were waiting there. A support bounce is when price comes back down to that floor and bounces up again.

The full support bounce lesson, video and quiz ›

Other patterns on Pepe

Inside bar · Doji · Stochastic bullish cross · Stochastic bearish cross · Volume profile rejection · Spinning top · Volume profile bounce · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The support bounce elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the support bounce work on Pepe?

In 61 cases on Pepe, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 57%; 8% went nowhere within 12 candles.

What is the support bounce?

Price fell back to a level that stopped it before, and bounced again.