$PEPE has dropped nearly 10% today, breaking decisively below the key support at $0.00001118 and hitting a low of $0.00001037. Although itโs currently trading near $0.00001064, the weak bounce and sideways consolidation suggest this could just be a pause before another leg down
๐ง Trade Setup (Short Bias)
Entry Zone: $0.00001065 โ $0.00001090
Target 1: $0.00001020
Target 2: $0.00000978
Stop Loss: $0.00001118
๐ Why Go Short?
After a sharp dump, $PEPE is now consolidating below former support, which has turned into resistance. The lack of buying volume and failure to reclaim the $0.00001100 zone indicate continued bearish pressure. A break below $0.00001030 could open the door to another aggressive sell-off.
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โ ๏ธ Risk Management Tip
Avoid entering during periods of low volatility. Let the price retest resistance before taking action. Always respect your stop loss โ meme coins can be extremely volatile.
Sell smart. Donโt chase green can
dles in a red-trending market.
#bearishsetup #PEPEโ #altcoin #MarketSentimentToday $PEPE
