$PEPE /USDT – SHORT TRADE SETUP | PROFIT TAKING PHASE
PEPE experienced a sharp upside move followed by a clear rejection near the 0.00000630 zone, signaling exhaustion after the recent rally. The strong bearish candle from the top indicates profit booking and weakening momentum, while the current price action around 0.00000600 looks like a corrective pause rather than a fresh continuation upward. As long as price stays below the recent high, the next market move favors a pullback.
Trade Setup (Short):
Entry: 0.00000600 – 0.00000608
Target 1: 0.00000590
Target 2: 0.00000575
Target 3: 0.00000560
Stop Loss: 0.00000635
Market Outlook:
Short-term structure suggests cooling momentum after a strong pump, and further downside is likely if PEPE fails to reclaim the 0.00000630 resistance.
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