$PEPE /USDT – Double Top Rejection, Breakdown Incoming?
$PEPE just formed a clear double top pattern near the 0.00001300 zone and is now rejecting with bearish candles. This is a classic sign of exhaustion after a sharp move up.
Trade Setup (Short Idea):
• Entry: 0.00001215 – 0.00001225
• Stop Loss: Above 0.00001300
• Target 1: 0.00001100
• Target 2: 0.00001000
Market Insight:
Failure to reclaim the previous top suggests sellers are stepping in. If the support near 0.00001200 breaks, a strong pullback could follow.