$1000PEPE has been in a bearish flow since the May peak, printing lower highs and lower lows. Recently, price swept liquidity below 0.0100, classic stop hunt move to trap shorts and collect orders.
On the 6H, we saw a fib retracement rejection, and on the 1H the same thing played out but even cleaner – rejection that formed a double top around 0.0120. That level is heavy resistance now.
The double top shows liquidity got grabbed above short-term highs and sellers stepped in strong. If 0.0100 breaks, we’re likely heading lower. If it holds, that could be the base for a bullish reversal targeting 0.0130–0.0140.
Right now, 0.0100 is the key level – that’s where the next move will be decided. #PEPE #Binance #altcoins #cryptotrading #TradingSignals