$PEPE /USDT BEARISH CONSOLIDATION – SHORT ENTRY SETUP
$PEPE is showing weak momentum after failing to sustain above the resistance zone near 0.00000676. Price action on the 4H chart forms a lower high structure while volume declines, suggesting fading bullish pressure. The MACD is turning down, and candles are closing below the EMA line, confirming a short-term bearish bias.
Technical Outlook:
Trend: Weakening after failed breakout attempt
Resistance Zone: 0.00000675 – 0.00000680
Support Zone: 0.00000650 – 0.00000635
Indicators: EMA rejection, MACD crossover to downside, flat BOLL bands signaling compression before drop
Entry (Short): Below 0.00000660 confirmation
Targets (TP): 0.00000645 / 0.00000630 / 0.00000610
Stop Loss (SL): Above 0.00000680
Risk Management:
Use strict position sizing, risking only 1–2% per trade. Book partial profits at TP1 and trail SL to lock in gains if momentum continues downward.
#TechnicalAnalysis #PEPEUSDT #CryptoTrading #BearishSetup #PriceAction
