🚨#PEPEUSDT Rejection Play: Short-Term Bearish Setup (60% Confidence)

📊 Technical Summary:

1. Overbought Signals:

- STOCHRSI (93.47) & MASTOCHRSI (90.63) → Extreme overbought (Bearish divergence)

- Price rejected at 0.0120167 resistance (24h high)

2. Weak Momentum:

- MACD histogram positive but fading (0.0000912)

- RSI(6) neutral (55.44) → No strong bullish confirmation

3. Volume & OI:

- Declining volume MA(5/10) → Weak follow-through

- 70% long positions → Risk of liquidation cascade if price drops

🎯 Trading Plan:

Direction:- SHORT

Entry:- 0.01180-0.01185

Stop Loss0.01205

Targets - TP1: 0.01150 TP2: 0.01130

### ⚙️ Key Levels:

- Resistance: 0.01200 (Recent high + Bollinger UP: 0.0125417)

- Support: 0.01130 (Liquidity zone) → 0.01100 (Bollinger DN: 0.0108793)

### 📉 Rationale:

- Price failed twice at 0.0120 with declining volume → Sellers dominating.

- Overbought STOCHRSI suggests correction likely.

- MACD/RSI lack bullish conviction → Short opportunity with tight risk.

### ⚠️ Risk Notes:

- Break above 0.01205 invalidates bearish thesis → Exit immediately.

- Meme coin volatility requires strict 1-2% position sizing.

- 60% confidence due to neutral RSI & basis near zero (no strong funding bias).

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Final Advice:

This is a counter-trend short play targeting 3-5% downside. Exit 50% at TP1, move SL to breakeven, and trail remainder. Monitor OBV (18.88B) – a spike could signal accumulation and invalidate the setup. Not financial advice.

Always use stop-losses! Meme coins like PEPE can reverse violently. 🔄