$1000PEPE pressing into supply again price action looks more like distribution than real strength.
Trading Plan Short $1000PEPE
Entry: 0.00415 – 0.00425
SL: 0.00444
TP1: 0.00395
TP2: 0.00372
TP3: 0.00348
$1000PEPE has rotated back into a prior breakdown zone, but the reclaim lacks conviction.
Momentum is tapering off as price approaches 0.0042, and repeated upper wicks suggest sellers are actively defending that area.
The bounce structure appears corrective no impulsive expansion, no strong acceptance above resistance.
If this region continues to hold as supply, liquidity resting below 0.0040 becomes the obvious draw.
A clean move through that level could accelerate downside toward 0.00372, with the 0.0035 base acting as a deeper target if selling pressure expands.
As long as price remains capped below 0.00444, the setup favors continuation rather than breakout. Clear invalidation, defined risk, and liquidity sitting below structure still leans heavy.
