🚨 Trade Setup: $1000PEPE (Short Idea)
🔴 Position: SHORT
Entry Zone: 0.00395 – 0.00405
Stop Loss: 0.00412
🎯 Take Profit Targets:
TP1: 0.00380
TP2: 0.00361
TP3: 0.00341
After the recent impulsive rally, $1000PEPE is starting to show early signs of exhaustion near the current resistance area. The price structure is gradually forming lower highs, which could indicate weakening bullish momentum and the potential for a short-term pullback.
The rapid upward movement also left liquidity gaps (imbalances) below. If selling pressure increases, price may retrace to fill these zones before the next major move.
⚠️ Risk Management Reminder:
Never overexpose your capital. Limit risk to a maximum of 1% of your futures trading balance per position.
Trade responsibly and always manage your risk.
This is not financial advice.