$PEPE
/USDT BEARISH CONTINUATION SETUP
PEPE is holding a clear bearish structure as price continues forming lower highs and pushing beneath key support levels. The recent rejection from the upper band and persistent weakness in momentum indicate strong selling pressure. MACD remains tilted to the downside while RSI stays in a declining channel, confirming reduced buyer strength and signaling continuation toward deeper supports.
SHORT ENTRY SETUP
Entry: On a retest of the broken support turning into resistance
TP1: Immediate downside liquidity zone
TP2: Major demand area lower on the chart
SL: Above the closest swing rejection or near resistance block
Risk Management:
Risk small, maintain strict SL discipline, avoid entering without confirmation, and manage position sizing carefully.
#TechnicalAnalysis #CryptoTrading #ChartSetup #priceaction #Write2Earn! $PEPE