$PEPE /USDT BEARISH TURN LOOMING – BULLS LOSING CONTROL AT LOCAL RESISTANCE!
$PEPE is trading at 0.00001338, struggling to hold recent gains after hitting resistance around 0.00001380. Price action on the 1H chart is printing lower highs and showing signs of fading momentum. If sellers step in now, a rejection could lead to a deeper pullback.
Trade Setup:
Short Entry: 0.00001340 – 0.00001360
Take Profit: 0.00001300 / 0.00001270
Stop Loss: 0.00001385
Market Outlook:
Price remains inside a choppy range, but with weakening bullish candles, the probability of a drop increases. Watch closely for volume drop-offs or bearish engulfing patterns as confirmation.
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