$PEPE
/USDT – RANGE REJECTION & BEARISH SLIP! 🐸⚠️
$PEPE has broken below its consolidation range between 0.00001280 – 0.00001360, confirming rejection at the upper resistance and slipping under the support. The 4H chart shows a strong bearish engulfing, followed by failed recovery attempts.
With volume fading and momentum shifting downwards, short-term pressure is building unless a reclaim of the broken support occurs.
📉 Trade Setup (Short Idea)
• Entry Zone: 0.00001240 – 0.00001260
• Take Profit 1: 0.00001200
• Take Profit 2: 0.00001160
• Take Profit 3: 0.00001110
• Stop Loss: 0.00001285
🔍 Holding below 0.00001260 could accelerate the drop — a bounce is only likely if bulls reclaim the range support!