$1000PEPE is approaching a major resistance zone after an aggressive recovery rally, putting the market in a high-interest area where a potential rejection could create an attractive short opportunity.
Trading Plan — Short $1000PEPE
Entry: 0.0028 – 0.0030
SL: 0.00310
TP1: 0.0026
TP2: 0.0025
TP3: 0.0024
The recent upside expansion has brought price back into a region where sellers previously stepped in with strong conviction. Liquidity continues to build above nearby highs, and a quick sweep of that area could provide the fuel needed for bears to regain control.
Unless buyers can secure acceptance above this resistance zone, the current market structure favors a rotation back toward lower liquidity pools and key demand areas. A rejection from here could trigger increased selling pressure and open the door for a move toward the outlined targets.
Patience and proper risk management remain essential. Wait for confirmation and avoid chasing price.
DYOR (Do Your Own Research).
