$1000PEPE Short
Entry Zone: 0.0051440 - 0.0052400
Stop Loss: 0.0053600
Take Profit Targets:
∙ TP1: 0.00485
∙ TP2: 0.00465
∙ TP3: 0.00440
• Bearish reasoning:
Price just hit a fresh 24h high at 0.0052037 and immediately got rejected with volume declining. The parabolic move from 0.00396 to current levels is overextended, showing exhaustion. MA(7) crossing below the peak signals momentum shift.
The volume profile shows massive buying exhaustion after that spike to 9.7T. Order distribution reveals 59% sellers vs 41% buyers, indicating smart money starting to exit. RSI likely overbought on this timeframe.
Longer timeframes paint an even clearer picture with -50% on 90 days and -73% on 1 year. This pump looks like a classic dead cat bounce within a larger downtrend structure. Watch for breakdown below 0.0050 support.
Risk/Reward: Solid 1:3+ setup if we get continuation to the downside. Keep position size controlled given the volatility on this memecoin.
