Downward Reflection for PEPEUSDT - Rejection at Resistance Indicates a Downward Trend
The PEPEUSDT pair is currently trading at 0.00001018 (-0.20%), facing strong rejection near the resistance area of 0.00001027. This rejection indicates that sellers are regaining control, and a pullback towards lower support levels is likely in the short term.
📉 Trading Setup
Short Entry: 0.00001018 - 0.00001019
Take Profit 1: 0.00000992
Take Profit 2: 0.00000984
Stop Loss: 0.00001027
💡 Market Outlook
The market structure shows a failed attempt to break the upper resistance, forming a bearish framework. Momentum remains weak, and if the price stays below 0.00001020, a decline towards key support levels is expected.
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Buy and trade here at $PEPE