$PEPE - Momentum fading as the local range support cracks under selling pressure.
1h · RSI 34 · price 0.00000505 USDT
Entry: 0.00000541 USDT
Stop: 0.00000552 USDT
TP1: 0.00000508 USDT
TP2: 0.00000497 USDT
Wait for a 1h close confirmation below the entry level before considering a short position, as this setup offers an R/R of 3.0:1. If the price fails to break down and instead reclaims the entry zone, the bearish thesis is invalidated.
Does the current Fear and Greed index of 29 suggest enough room for a deeper move toward 0.00000497 USDT, or is the downside likely to stall?
$BTC
#TradingSetup #PEPE
1h · RSI 34 · price 0.00000505 USDT
Entry: 0.00000541 USDT
Stop: 0.00000552 USDT
TP1: 0.00000508 USDT
TP2: 0.00000497 USDT
Wait for a 1h close confirmation below the entry level before considering a short position, as this setup offers an R/R of 3.0:1. If the price fails to break down and instead reclaims the entry zone, the bearish thesis is invalidated.
Does the current Fear and Greed index of 29 suggest enough room for a deeper move toward 0.00000497 USDT, or is the downside likely to stall?
$BTC
#TradingSetup #PEPE
