🚨 While many expect $PEPE to keep pumping due to hype, the structure suggests a possible exhaustion phase with downside risk increasing.

📉 $PEPE – SHORT 🔴

🎯 Trade Plan:

📊 Entry: 0.0000108 – 0.0000118

🛑 SL: 0.0000130

🎯 TP1: 0.0000095

🎯 TP2: 0.0000082

🎯 TP3: 0.0000070

⚡ Why this setup?

$PEPE has had a strong impulsive move, but is now showing signs of slowing near resistance. Price is struggling to continue higher and forming rejection wicks, indicating sellers stepping in.

Structure: Possible lower high → bearish signal

Volume: Not expanding → weak continuation

Momentum: Cooling → exhaustion signs

This suggests the current move may be a distribution phase, increasing the probability of a pullback.

🧠 Conditions to Watch (Very Important):

👉 Bearish Confirmation:

Rejection from 0.0000115 zone

Lower high formation

Increasing red volume

👉 Invalidation (Bullish Case):

Strong breakout above 0.0000130 + hold

High volume continuation

Clean higher high structure

👉 Market Context:

If $BTC weakens → dump probability increases

If BTC pumps → meme coins can squeeze up

🤔 Debate:

Is this just a pullback before another leg up, or the start of a deeper correction?

🌍 Click below for trade 👇🏻

PEPE

0.0₅372

-2.36%

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