$PEPE /USDT – BEARISH MOVE LIKELY IN SHORT TERM
Technical Analysis
Current Price: $0.00001196
PEPE is showing signs of weakness after a failed attempt to break resistance near the $0.00001327 level (24h high). The price is currently trading near local support, but with increased selling pressure and a lower high structure forming, a bearish continuation is likely.
Key Levels:
Resistance 1: $0.00001230
Resistance 2: $0.00001300
Support 1: $0.00001180 (critical)
Support 2: $0.00001140
Trade Setup (SHORT Position):
Entry: $0.00001200 - $0.00001210 (on small pullback)
Take Profit 1 (TP1): $0.00001180
Take Profit 2 (TP2): $0.00001140
Stop Loss (SL): $0.00001240
Risk Management:
Only risk 1-2% of your trading capital. Stick to your SL and avoid overleveraging. Patience pays in volatile meme tokens like PEPE!
Wait for confirmation before entry – trade safe! #TradingStrategyMistakes #ArbitrageTradingStrategy #BTCBreaksATH #ETHBreaks3k #Write2Earn $PEPE