$PEPE /USDT BEARISH REJECTION – SHORT-TERM PULLBACK AFTER FAILED BREAKOUT!
$PEPE attempted to break above the $0.00001152 resistance but got swiftly rejected, forming a local top with bearish candles on the 30-minute chart. Price is now pulling back, indicating weakening momentum and possible intraday correction. If $0.00001117 breaks, further downside can unfold quickly.
Trade Setup (SHORT):
Entry: $0.00001125 – $0.00001130
Target 1: $0.00001110
Target 2: $0.00001090
Target 3: $0.00001070
Stop Loss: $0.00001152
Why Short?
A sharp upper wick on the recent candle suggests strong seller presence. Volume dropped near the highs and the price is forming lower highs. PEPE may retest previous support before bulls regroup.
Risk Management Tip:
Scalp with discipline — stick to tight SL and scale out on targets to manage risk properly.
Sell smart — don’t chase green candles when the trend is turning red!
Ride the momentum before it fades — profits favor the fearless!#TrumpVsMusk #MarketPullback #CircleIPO #CUDISBinanceTGE #BlackRockETHPurchase
