Currently, PEPE is quoted at 0.0147331, with a continuous rise in the short term and a significant increase in volume, posing a pullback risk. Based on the daily, 4-hour, and 1-hour candlestick analysis, there are signs of 'overheating', indicating a need for a pullback to build strength.
The suggested short position strategy is as follows (75x leverage):
Opening position: 0.0147-0.0149
First stop-loss position: 0.01445
Second stop-loss position: 0.0141
Stop-loss position: 0.0151
🧾 Key points of technical analysis:
Daily chart: Price touches the previous concentrated position of chips, and deviates from the 5MA beyond the standard fluctuation, with a high probability of a pullback.
4-hour chart: After a series of large bullish candles, the first volume stagnation appears, and the MACD top divergence signal is starting to show.
1-hour chart: Short-term upward momentum is weak, and the price repeatedly tests around 0.0149 without breaking through, with bearish momentum accumulating.
Short-term advice is to short at highs, with clear target positions and controllable risks, suitable for quick in and out during the day. Conservative traders can pay attention to whether 0.0149 effectively breaks through as a risk control reference.
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