PEPE is showing signs of exhaustion on the charts. The token's upside momentum appears to be fading as it approaches resistance levels, signaling a potential shift in near-term direction. Technical indicators suggest a pullback could be imminent.
For traders looking to capitalize on the tired rally, a short entry point is setting up around 0.00000670. The target zones sit at 0.00000630 and 0.00000610, with a protective stop-loss positioned at 0.00000685 to manage downside risk effectively.
The key is to watch for price rejection at the resistance level - if the bounce fails to extend higher, it presents an opportunity to ride the decline with defined risk parameters. This setup rewards traders who time the rejection correctly while maintaining disciplined stop-loss placement. #FutureTrading #PEPE #short
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
PEPE is showing signs of exhaustion on the charts. The token's upside momentum appears to be fading as it approaches resistance levels, signaling a potential shift in near-term direction. Technical indicators suggest a pullback could be imminent.
For traders looking to capitalize on the tired rally, a short entry point is setting up around 0.00000670. The target zones sit at 0.00000630 and 0.00000610, with a protective stop-loss positioned at 0.00000685 to manage downside risk effectively.
The key is to watch for price rejection at the resistance level - if the bounce fails to extend higher, it presents an opportunity to ride the decline with defined risk parameters. This setup rewards traders who time the rejection correctly while maintaining disciplined stop-loss placement. #FutureTrading #PEPE #short