$PEPE /USDT BEARISH BREAKDOWN – SHORT SETUP AFTER FAILED SUPPORT HOLD
The 1H chart for $PEPE /USDT reveals a clear rejection from the recent local high near 0.00001082, followed by a steady decline that breached short-term support around 0.00001042. This breakdown confirms bearish momentum, with lower highs and lower lows forming a descending channel. Volume spikes on red candles suggest aggressive selling pressure, while the RSI remains below 50, indicating continued downside potential.
The 24h volume profile shows a heavy imbalance favoring sellers, and the lack of bullish divergence on momentum indicators further supports the bearish bias. PEPE’s meme coin nature often leads to volatile swings, but current price action lacks the speculative momentum needed for a reversal.
SHORT ENTRY ZONE: 0.00001048–0.00001052
TARGET 1: 0.00001030
TARGET 2: 0.00001018
TARGET 3: 0.00000995
STOP LOSS: 0.00001065 (above recent rejection wick)
Risk Management: Use 2–3% of portfolio per trade. Avoid overleveraging. Reassess if price reclaims 0.00001065 with volume confirmation.
#DescendingChannel #BearishMomentum #VolumeAnalysis #RSIRejection #BreakdownSetup
