🐸 $PEPE
/TRY BEARISH SETUP – RALLY STALLS NEAR RESISTANCE
$PEPE/TRY is trading at 0.00038572 TRY, up +2.09% on the day, but facing overhead resistance near 0.00039563. After a strong surge, price is now stalling, and momentum is weakening. If 0.00037590 breaks, a sharper decline may follow.
🔑 Key Levels
Resistance: 0.00039500 – 0.00040900
Support: 0.00037590 (immediate), then 0.00036000
Current Price: 0.00038572 TRY
📊 Trade Setup (Short):
Entry Zone: 0.00038500 – 0.00039500
Take Profit 1: 0.00037400
Take Profit 2: 0.00036000
Stop Loss: 0.00040950
💡 Short Market Outlook:
Price is consolidating below resistance with fading upside strength. Volume is heavy but slowing, and the short-term MA(5) is flattening below MA(10), indicating momentum loss. A decisive break below 0.00037590 could invite increased selling.
⚠️ Risk Management:
Limit position size to 2–3% of your capital
Use a hard stop-loss above resistance: 0.00040950
Confirm entry on breakdown + increased volume to avoid fakeouts
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