🚨 $PEPE /USDT ALERT: Sharp Drop Below Key Support – Bearish Breakdown! 🚨
PEPE is currently trading at $0.00001917, down 12.55% in the last 24 hours. The price has seen a steep drop, testing the low of $0.00001917, after previously failing to hold above $0.00002110. A sharp sell-off has led to a breakdown below support, signaling potential further downside.
Trade Setup:
Entry Price: $0.00001920 for potential short positions or a confirmation of further decline.
Key Levels to Watch:
Resistance: $0.00002040 – A reclaim of this level could signal a bounce or reversal.
Support: $0.00001900 – A break below this could open the door to further downside pressure.
Take-Profit Targets:
Target 1: $0.00001850
Target 2: $0.00001800
Target 3: $0.00001750
Stop Loss: $0.00002050 (to manage upside risk)
⚠️ Caution:
Watch for volume spikes at support levels to assess if the current breakdown is temporary or permanent.
A failure to hold below $0.00001900 may result in a deeper sell-off toward lower targets.
Tight risk management is necessary given the recent volatility.
