$PEPE / USDT (1H) - Relief Bounce

I’m treating this as a bearish continuation setup. Price is around 0.0040409 right now and the bounce into the 0.00403–0.00412 area looks weak, with sellers repeatedly stepping in near the short-term MAs and failing to let price reclaim the higher range.

The structure is still lower highs overall, and the push up feels more like absorption than a real momentum expansion. If 0.0040 cracks again, I expect a rotation back toward the prior liquidity pockets first at 0.00370, then 0.00340, and possibly 0.00310 if the sell pressure accelerates.#STBinancePreTGE #TrumpStateoftheUnion