$1000PEPE Short Setup 1h Chart🔴
🔶 Descending Triangle breakdown and retest
Price made lower highs along the falling trendline and lost the flat support near 0.004725. It dipped to 0.004591 and bounced back to retest the broken level from below. The bounce got rejected near the trendline around 0.00487 and the candles are weak. Sellers are still in control. If price stays under 0.004725 a drop toward 0.004600 and then 0.004500 is likely. The full target sits at 0.004436.
🔴Short Entry 0.0047176
✅ Take Profits
TP1 0.0046000
TP2 0.0045000
TP3 0.0044359
❌ Stop Loss 0.0048835
#pepe
🔶 Descending Triangle breakdown and retest
Price made lower highs along the falling trendline and lost the flat support near 0.004725. It dipped to 0.004591 and bounced back to retest the broken level from below. The bounce got rejected near the trendline around 0.00487 and the candles are weak. Sellers are still in control. If price stays under 0.004725 a drop toward 0.004600 and then 0.004500 is likely. The full target sits at 0.004436.
🔴Short Entry 0.0047176
✅ Take Profits
TP1 0.0046000
TP2 0.0045000
TP3 0.0044359
❌ Stop Loss 0.0048835
#pepe
