$PEPE is showing clear short-term weakness here. I'm seeing repeated failures to hold the higher levels, followed by a sharp drop toward 0.00000439. Price is now below the MA60, and I'm watching whether sellers can maintain control or a bounce develops from the current low.
PEPE/USDT is trading at 0.00000439, while the MA60 sits at 0.00000441. The recent price action shows resistance around 0.00000441–0.00000443, with the visible low near 0.00000439 acting as immediate support.
📍 Entry: 0.00000440–0.00000441 after a failed reclaim 🎯 TP1: 0.00000439 🎯 TP2: 0.00000433 🎯 TP3: Not justified by the visible chart 🛑 Invalidation: Above 0.00000443
For me, the short setup becomes more attractive if PEPE retests the MA60 and gets rejected again. But price is already sitting near the visible low, so chasing the drop here could be risky.
If PEPE reclaims and holds above 0.00000441, I'd be cautious; a move above 0.00000443 would invalidate this short idea.
My plan: wait for a failed reclaim rather than chase the move. The chart looks weak, but confirmation matters, especially in a tight and fast-moving range.
PEPE/USDT is trading at 0.00000439, while the MA60 sits at 0.00000441. The recent price action shows resistance around 0.00000441–0.00000443, with the visible low near 0.00000439 acting as immediate support.
📍 Entry: 0.00000440–0.00000441 after a failed reclaim 🎯 TP1: 0.00000439 🎯 TP2: 0.00000433 🎯 TP3: Not justified by the visible chart 🛑 Invalidation: Above 0.00000443
For me, the short setup becomes more attractive if PEPE retests the MA60 and gets rejected again. But price is already sitting near the visible low, so chasing the drop here could be risky.
If PEPE reclaims and holds above 0.00000441, I'd be cautious; a move above 0.00000443 would invalidate this short idea.
My plan: wait for a failed reclaim rather than chase the move. The chart looks weak, but confirmation matters, especially in a tight and fast-moving range.