1000PEPE fell directly from a peak at 0.00536, down 10% in 4 hours, and it’s still accelerating. The bulls have no resistance at all. This pullback isn’t something to rush into buying the dip for. The spot buy-side still looks like it’s holding up, but futures positions are shrinking in sync—this is a typical high-level distribution. Go short directly: enter at 0.00437, first target 0.00417. If it breaks, look for 0.00400. Set a stop loss at 0.00460. If you lose this level, it won’t be a normal retracement—don’t force it.