$PEPE /USDT BEARISH PRESSURE LOOMING – PRICE STRUGGLING BELOW MOVING AVERAGE
The chart shows $PEPE trading at 0.00001061, sitting slightly below the MA60 (0.00001066). Despite a recent bounce, price momentum has weakened as it fails to sustain above key short-term averages. This indicates selling pressure could dominate if recovery fails.
Trade Setup (Short Entry):
Entry Zone: 0.00001065 – 0.00001070
Target 1: 0.00001050
Target 2: 0.00001035
Stop Loss: 0.00001080
Market Outlook:
PEPE is showing signs of exhaustion after a minor upward push. If bears maintain control below the moving average, more downside is likely. Only a strong reclaim above 0.00001075 would invalidate this short-term bearish view.
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buy and trade here on $PEPE