$PEPE /USDT BEARISH PRESSURE CONTINUES — SELLERS STILL IN CONTROL 🐸📉
Market Next Move (Bearish):
$PEPE /USDT is showing bearish continuation signs after failing to hold above the recent intraday highs. The price is trading near 0.00000576, below key short-term resistance, indicating that sellers are dominating the market. Increased volatility with rejection from the upper levels suggests a possible further downside move unless strong buying volume steps in.
📊 Technical Explanation (Immediate)
On the lower timeframes, PEPE is forming lower highs, while price remains under nearby resistance zones around 0.00000595–0.00000600. Volume has cooled off after the drop, which often signals weak bullish momentum and favors a continuation toward lower support levels.
🎯 Trade Setup (Short Position)
Entry (Short):
0.00000585 – 0.00000595
Targets (TP):
TP1: 0.00000570
TP2: 0.00000555
TP3: 0.00000540
Stop Loss (SL):
0.00000610
> Risk-managed short positions are preferred below resistance. A clean break above SL may invalidate this setup.
🔍 Short Market Outlook
PEPE remains weak in the short term, with meme coins facing profit-taking after recent volatility. Unless the price reclaims 0.00000600 with strong volume, the market bias stays bearish, and dips toward lower supports are likely.
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