$PEPE is showing a potential resistance-rejection short setup after declining 2.17% over the last 24 hours.
Sellers currently have the short-term advantage, but entering after an extended decline can be risky. A failed recovery near $0.00000500 would provide a more realistic short opportunity than selling directly into support.
EP: $0.00000498–$0.00000502
TP1: $0.00000492
TP2: $0.00000486
TP3: $0.00000480
SL: $0.00000508
The $0.00000490 area is the nearby support zone, where short sellers may encounter buying pressure. A rejection from $0.00000500 would support the bearish setup, while a sustained breakout above $0.00000508 would invalidate it. Wait for a clear rejection before entering, as a short squeeze remains possible.#CZDismissesClaimsBinanceHackWasPredicted
Sellers currently have the short-term advantage, but entering after an extended decline can be risky. A failed recovery near $0.00000500 would provide a more realistic short opportunity than selling directly into support.
EP: $0.00000498–$0.00000502
TP1: $0.00000492
TP2: $0.00000486
TP3: $0.00000480
SL: $0.00000508
The $0.00000490 area is the nearby support zone, where short sellers may encounter buying pressure. A rejection from $0.00000500 would support the bearish setup, while a sustained breakout above $0.00000508 would invalidate it. Wait for a clear rejection before entering, as a short squeeze remains possible.#CZDismissesClaimsBinanceHackWasPredicted