$1000PEPE bounces back to 0.00267— the previous high is the short-seller cash machine; this trade is definitely going short!! On the spot order book, the buy wall is only pressing through the sell wall by two-tenths (2824万 vs 2338万). This depth won’t hold up under a derivatives sell-off; the 4-hour momentum is exhausted, and over the past 7 days the cumulative drop is nearly 10%. The price is still trading right at the all-time cycle low. Enter a short at 0.00267. First target: 0.0025283. Stop-loss: 0.0029641, placed above the 7-day high. Once the low is broken through, it’s the acceleration phase!