$PEPE
/USDT BEARISH MOVE IN PROGRESS – LOWER HIGHS SIGNAL WEAKNESS!
PEPE is currently trading at 0.00001237 after a sharp rejection from the 0.00001296 zone. The 15-minute chart shows a clear structure of lower highs and lower lows, with recent recovery attempts getting sold into. The recent bounce may be short-lived as volume fades and bears look to defend the 0.00001245–0.00001250 resistance zone.
Trade Setup (SHORT):
Entry Price: 0.00001235 – 0.00001245
Target 1: 0.00001220
Target 2: 0.00001200
Target 3: 0.00001180
Stop Loss: 0.00001258
Why Short?
Despite minor relief bounces, PEPE remains under pressure with no strong breakout above local resistance. The failed push above 0.00001250 confirms weak bullish momentum, and the bearish candles suggest a continuation to lower levels unless bulls reclaim volume support.
Risk Management Tip:
Maintain tight stop-loss above 0.00001260. Let price confirm the direction and avoid chasing if the setup invalidates. Always adjust SL once TP1 is hit.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
