$PEPE was just rejected around the $0.00001432 mark and is currently trading at $0.00001378. On the 1H chart, we clearly see a series of lower highs – lower lows, a familiar pattern when bears have taken the active position.
📉 Technical status on the 1H frame:
• The trend is clearly leaning towards bearish
• The price is testing the key support area of $0.00001363
• If it breaks down, there is a high likelihood of extending the short-term downtrend.
🔍 Potential trading strategy:
• Enter short around the $0.00001375 – $0.00001390 area
• Take profit at the levels: $0.00001340 / $0.00001310 / $0.00001280
• Stop loss at $0.00001435 – avoid being squeezed if PEPE reverses.
⚠️ Warning:
If it cannot reclaim $0.00001400 with high volume, the trend still leans towards down. Do not try to catch the bottom at this time if you do not have a clear plan.
🧠 Personal perspective: There are signs of a 'second kick', prioritizing the bearish side until there is a high volume reversal candle.
👉 This is an early warning for those who still have hopes for a pump. If you are in the zone... prepare to close the order before the next candle breaks the support level!