$PEPE /USDT BEARISH BREAKDOWN – MEME COIN LOSING STEAM FAST!
$PEPE just printed a massive red flush candle, crashing from the $0.00001160 zone and now trading near $0.00001068 with a 10% intraday drop. The attempt to bounce was weak, forming lower highs with tight consolidation – a typical sign of further downside risk building up.
Trade Setup (SHORT):
Entry: $0.00001070 – $0.00001085
Target 1: $0.00001038
Target 2: $0.00001000
Stop Loss: $0.00001121
Why Short?
PEPE broke below short-term support after repeated failures to reclaim key levels. The 15-minute chart shows decreasing volume on bounces and stronger momentum on dips – suggesting bears are gaining control.
Risk Management Tip:
Don’t overtrade meme coins. Use tight SLs and avoid emotional entries. If price regains $0.00001121, reassess structure.
Sell smart — don’t chase green candles when the trend is turning red!
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