$1000PEPE is approaching a major reaction zone where bullish momentum may be starting to weaken.
Trading Plan: Short $1000PEPE
• Entry Zone: 0.00408 – 0.00428
• Stop Loss: 0.00450
• TP1: 0.00392
• TP2: 0.00368
• TP3: 0.00344
The recent move higher is beginning to look overextended, with price action losing efficiency as it pushes into resistance. Buyers are still active, but momentum is no longer accelerating the way it did earlier in the rally. Signs of supply are starting to appear around the current zone, increasing the probability of a rejection.
If bulls fail to secure a clean breakout above resistance, the market could rotate lower and trigger a broader pullback toward the downside targets. Risk management remains essential as volatility around this area is expected to increase.
1000PEPEUSDT
Διην.
0.0034386
+1.24%