69% of accounts are long $1000PEPE . That's the data edge for a short 👀
Most accounts are already long. If 0.00473 holds as resistance, the downside stays open. A close above 0.00483 and the idea is dead.
Why here:
- Price 0.00473 sits below the 4H EMA50 at 0.00479, structure still favors sellers
- Short-term BTC is bearish, that's a tailwind for this short
- Funding +0.010%, longs are paying to hold while the crowd sits on the other side
SHORT 0.004716–0.004734
TP 0.004663 / 0.004622 / 0.004561
SL 0.004828
Does 0.00473 hold, or do longs push through?
NFA, DYOR.
Most accounts are already long. If 0.00473 holds as resistance, the downside stays open. A close above 0.00483 and the idea is dead.
Why here:
- Price 0.00473 sits below the 4H EMA50 at 0.00479, structure still favors sellers
- Short-term BTC is bearish, that's a tailwind for this short
- Funding +0.010%, longs are paying to hold while the crowd sits on the other side
SHORT 0.004716–0.004734
TP 0.004663 / 0.004622 / 0.004561
SL 0.004828
Does 0.00473 hold, or do longs push through?
NFA, DYOR.
