$PEPE – Oversold Bounce or More Pain Ahead❓❓
$PEPE dropped nearly -9% today, touching a low of 0.00000846 on the 4H chart. Buyers stepped in quickly, signaling a potential short-term reversal.
📉 Short Trade Setup (Trend Continuation Play):
• Entry Zone: 0.00000865 – 0.00000870
• TP1: 0.00000830
• TP2: 0.00000795
• TP3: 0.00000760
• SL: Above 0.00000910
Price remains in a firm downtrend. If the bounce fails to hold, we may see a continuation of the sell-off.