The same old script again? The 1000PEPE funding rate has stayed negative for 8 consecutive periods. Longs aren’t even willing to pay a cent in holding fees—the supply is putting them under serious pressure. A bounce to 0.00391 is a short entry; first target 0.00364, second target 0.00350, with a stop-loss at 0.00442. The market maker has already pulled the plug. That’s how it is.