🔻 $PEPE COOLING OFF AFTER SHARP RUN
#PEPE pushed into a fresh local high, but momentum is starting to fade as sellers step in near resistance.
The move looks extended — now comes the reaction.
📊 TECHNICAL STRUCTURE:
▸ Pattern: Post-breakout rejection at overhead resistance
▸ Behavior: Momentum slowing after rapid expansion
▸ Bias: Bearish-leaning while rejection holds
🔑 KEY LEVELS:
• Resistance: 0.0000042
• Support: 0.0000033
🧠 WHAT TO WATCH:
If rejection continues, price could rotate lower toward support as the market cools off from the impulse move.
⚠️ INVALIDATION:
A strong reclaim and push above 0.0000042 weakens the bearish pullback thesis and restores bullish momentum.
Expansion done.
Now comes the test.