Short Trade Setup Signs (PEPE/USDT)

Overbought RSI (6) at 68.5

Approaching overbought territory (70+), suggesting potential pullback.

Shorter RSI (6) is more sensitive to reversals than standard RSI (14).

Bearish MACD Crossover

MACD histogram shows negative values (-0.00000005), indicating weakening momentum.

MACD line (0.00000001) is flattening near the signal line, hinting at a downtrend.

Price Rejection at High

High: 0.00001365 (resistance level) with a close at 0.00001357 (lower wick rejection).

Current price is below the session open (0.00001351), showing seller dominance.

Low Volume & Amplitude (1.33%)

Weak volume suggests lack of bullish conviction.

Small price range increases risk of consolidation or reversal.

Trade Strategy

Entry Zone: 0.00001355–0.00001360 (near current price/resistance).

Stop-Loss (SL): Above 0.00001370 (post-session high).

Take-Profit (TP) Targets:

TP1: 0.00001330 (immediate support).

TP2: 0.00001300 (next psychological level).

Risk-Reward Ratio: 1:2 (SL 0.00001370 → TP 0.00001300).

Key Risks

False Breakdown: If BTC rallies, PEPE (meme coin) may follow.

Low Liquidity: Thin order books could amplify slippage.

Verification: Watch for:

RSI dipping below 60 (confirms bearish momentum).

MACD histogram extending negatively.