$PEPE: Fakeout Confirmed: Bulls Trapped at Local Highs
SHORT SETUP PEPE
Entry: $0.00000403 - $0.00000405
Stop Loss: $0.0000042
Take Profit: $0.00000372 (2R)
Key Levels: Support $0.00000364 | Resistance $0.00000405
Technical Analysis for $PEPE: Price sits below EMA9, EMA21 and EMA200, while MACD is negative and ADX shows a strong 41 trend. RSI 19 and Stoch 5 indicate oversold but orderbook imbalance (-17 %) and bearish BTC context keep pressure down. Target is 3.735 , stop at 4.20 ; a break above 4.05 invalidates the short as a.
Market Context: BTC is in a bearish 4hour trend and 24hour price is down 2.8 %. Overall market breadth is broadly negative with 87
SHORT $PEPE
SHORT SETUP PEPE
Entry: $0.00000403 - $0.00000405
Stop Loss: $0.0000042
Take Profit: $0.00000372 (2R)
Key Levels: Support $0.00000364 | Resistance $0.00000405
Technical Analysis for $PEPE: Price sits below EMA9, EMA21 and EMA200, while MACD is negative and ADX shows a strong 41 trend. RSI 19 and Stoch 5 indicate oversold but orderbook imbalance (-17 %) and bearish BTC context keep pressure down. Target is 3.735 , stop at 4.20 ; a break above 4.05 invalidates the short as a.
Market Context: BTC is in a bearish 4hour trend and 24hour price is down 2.8 %. Overall market breadth is broadly negative with 87
SHORT $PEPE