$PEPE Faces Heavy Resistance – Bearish Setup Ahead
$PEPE /USDT on the 4H chart is struggling to stay above the 0.00001100 zone after a failed breakout attempt near 0.00001300. Current structure suggests a potential breakdown if buyers don't step in soon.
Bearish Trade Setup
• Entry Zone: 0.00001100 – 0.00001105
• Stop Loss: 0.00001200
• Take Profit 1 (TP1): 0.00001000
• Take Profit 2 (TP2): 0.00000900
This pattern hints at a shift in momentum as volume weakens and price tests lower demand levels. A close below 0.00001050 could confirm further downside.
Plan the trade. Execute with discipline.