๐ฅ $PEPE Bear Flag Formation? Breakdown Looming
PEPE/USDT appears to be forming a bear flag within the 15-min timeframe. After multiple breakdowns and trendline rejections, momentum is clearly favoring the bears. RSI at 37.10 still shows potential room to fall before becoming oversold.
The red resistance zone around 0.00000840 has been respected consistently, and every pump is met with immediate sell pressure. If price breaks below 0.00000800, it could trigger cascading stops and open a move toward deeper support zones.
Only a structural shift (CHoCH) above 0.00000860 can invalidate the bearish outlook. Until then, smart traders are aligning with the trend and avoiding long traps.
Don't fight the trendโride it or step aside.