$PEPE is struggling to break above the key resistance at $0.00001296, showing clear signs of weakness. On the 1-hour chart, price has formed a lower high, while volume continues to decline — signaling momentum loss.
A break below the $0.00001230 intraday support could trigger a deeper pullback, as short-term traders exit their positions.📉
Short Trade Setup
Entry Range: $0.00001230 – $0.00001250
Target 1 (TP1): $0.00001190
Target 2 (TP2): $0.00001150
Stop Loss (SL): $0.00001296
Why Consider a Short?
Repeated rejections near $0.00001296
Bearish divergence on momentum indicators
Price slipping below key EMAs
Decreasing volume signals fading buyer interest
If the $0.00001230 level breaks, further downside could follow toward historical demand zones.
Risk Management Tip
Keep your stop-loss tight above $0.00001296. This invalidates the setup clearly.
Once Target 1 is hit, consider trailing your SL to secure profits.
Pro Tip: Don’t chase green candles in a weakening trend — trade with the momentum.
Current Price: $0.00001251
Change: -1.02%
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