🐸 $PEPE weakens after a fake breakout

$PEPE failed to hold its breakout and is now consolidating at the upper part of the range with a weakening impulse.

Such a structure often ends with a rejection from the offer zone and a move into the liquidity zone below.

This looks like a classic bull trap — liquidity above the highs has already been gathered, but demand does not confirm the continuation of the rise.

📉 Short setup

• Entry: 0.00000602

• TP1: 0.00000585

• TP2: 0.00000570

• SL: 0.00000615

#PEPE‏ #crypto #altcoins #memecoin #priceaction

PEPE

0.0₅607

-9.13%