1000PEPE recent trend deserves attention. On the 1-hour timeframe, price has sharply pulled back from the high of 0.0064345 to 0.0061224, breaking below multiple support levels of MA5, MA10, and MA20. RSI(6) reading is at 47.45, in a neutral-to-bearish range, while MACD is also weakening — green bars appear, with DIF and DEA approaching convergence. These signals all point in one direction: insufficient bullish strength.

Mainline exit signals are very prominent, and the intention to smash prices is very clear. Opening shorts at the current price is a reasonable choice, with stop loss set above the previous high of 0.0064345. Looking at target levels, the first target points to the 24-hour low of 0.0059419, and the second target aims at the round number level of 0.0059000.

If you're trading the trend, holding firmly is fine. Short-term traders can take partial profits at key support levels, but be vigilant about the possibility of mainline whipping lower by leveraging breakdown patterns — the risk of breaking key support is not insignificant.