$PEPE Trade Signal: Short Setup in a Bearish Trend

PEPE

Price: $0.00002311 (-5.67%)

Timeframe: 1-Hour Chart

๐ŸŒŸ Bearish Trading Details ๐ŸŒŸ

Entry Price: $0.00002310

Take Profit (TP): $0.00002280

Stop Loss (SL): $0.00002340

Market Analysis

The $PEPE/USDT pair continues its downtrend, dropping over 5% in the last 24 hours. The formation of lower highs and lower lows confirms persistent bearish momentum. The recent breakdown below the $0.00002350 level indicates strong selling pressure.

A short position at $0.00002310 offers an opportunity to capitalize on the bearish trend. The Take Profit level at $0.00002280 coincides with a key support zone, while the Stop Loss at $0.00002340 safeguards against potential reversals. The declining trading volume reinforces the likelihood of further downside movement.

๐Ÿ’ก Pro Tip: Pay close attention to price action near $0.00002280. If bearish momentum remains intact, consider adjusting your profit target for extended gains.

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$PEPE