$PEPE Trade Signal: Short Setup in a Bearish Trend
PEPE
Price: $0.00002311 (-5.67%)
Timeframe: 1-Hour Chart
🌟 Bearish Trading Details 🌟
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.
💡 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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