$PEPE Flash Crash! 📉 Is the Meme Party Over or Just a Bull Trap?

The charts don't lie! $PEPE is currently witnessing a sharp decline after failing to hold its recent gains. We are seeing a massive "sell-off" as the price breaks below key support levels.

Critical Levels for Traders:

Immediate Support: $0.005100 - If this level fails, expect a deeper slide towards $0.004500.

Resistance Zone: $0.005800 - The bulls need to reclaim this area to stop the bleeding.

My Bearish Take:

The RSI is showing oversold conditions, but the downward momentum is still very strong. For those trading Futures, this volatility is a prime opportunity for Short positions, but watch out for sudden "dead cat bounces."

Trading Tip:

Don't catch a falling knife! Wait for a clear reversal signal or ride the trend with a tight stop-loss

#PEPE #CryptoAlert #Bearish #BTC90kChristmas TradingSignals