$PEPE
USDT BEARISH PRESSURE BUILDING – SUPPORT TEST UNDERWAY 🐻
$PEPEUSDT is showing weakness after failing to sustain above key resistance, with price action shifting into a descending pattern suggesting further downside potential.
🔑 Key Levels:
Support: 0.00000980
Resistance: 0.00001030
Current Price: 0.00000994
📉 Trade Setup (Short):
Entry Zone: 0.00000995 - 0.00001000
Take Profit Targets:
TP1: 0.00000980
TP2: 0.00000960
Stop Loss: 0.00001020
🧐 Market Outlook: PEPE is forming lower highs with weak bullish follow-through, indicating a bearish market sentiment. Break below 0.00000980 could accelerate selling towards deeper support levels.
⚠️ Risk Management: Use strict position sizing with a maximum of 1-2% capital risked per trade. Ensure disciplined SL adherence as meme coins carry high volatility and sudden spikes.
💡 Comment “🐻” if you see this bearish move playing out soon!