$1000PEPE looks like a liquidity sweep rather than acceptance.

SHORT $1000PEPE

Entry: 0.0058 – 0.0061

SL: 0.0063

TP1: 0.0053

TP2: 0.0048

Price swept liquidity above the recent range but failed to hold value. Upper wicks and sharp rejection signal stop runs, not genuine demand. The volume spike without follow-through strengthens the case for a local top. As long as price remains below the sweep high, the bias stays short, favoring mean reversion to the downside.

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1000PEPE
1000PEPEUSDT
0.0049944
-0.32%