That spike didn’t hold… classic liquidity grab into resistance followed by fast rejection 👀
No continuation = sellers clearly defended the top range and absorbed breakout buyers.
At this point the structure shifts from breakout attempt → short-term distribution.
Trade Plan ($PEPE)
Entry: 0.00000400 – 0.00000405
Stop Loss: 0.00000418
Take Profits:
TP1: 0.00000390
TP2: 0.00000380
TP3: 0.00000370
Key idea here: if price keeps rejecting the upper zone, momentum likely stays bearish short-term. Only a clean reclaim above the spike high would invalidate this setup.
PEPE
Alpha
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