$PEPE /USDT – BEARISH REJECTION FROM RESISTANCE, PULLBACK LIKELY 🐸📉
$PEPE /USDT is showing signs of weak bullish momentum near a key resistance zone around 0.00000600. Price failed to sustain above this level and is now trading back near 0.00000586, indicating seller pressure and possible short-term correction. Volume is high, but follow-through buying is missing, which increases the probability of a bearish move toward lower support.
📌 Trade Setup (Short)
Entry (Short): 0.00000590 – 0.00000600
Targets:
TP1: 0.00000577
TP2: 0.00000560
TP3: 0.00000540
Stop Loss: 0.00000615 (Above resistance & invalidation zone)
📊 Technical View
Price rejected from local resistance (0.00000600 – 0.00000605)
Structure shows lower highs on lower timeframes
Momentum indicators suggest exhaustion of buyers
Support to watch: 0.00000573
🔮 Market Outlook
Overall sentiment remains volatile and speculative as PEPE is a meme coin. Unless price reclaims and holds above 0.00000615, the bias stays bearish to sideways, with dips likely to be bought only at stronger support zones.
#PEPE #PEPEUSDT #CryptoTrading #MemeCoin #TechnicalAnalysis $PEPE