$PEPE/USDT – BEARISH BREAKDOWN: -76% AND STILL SLIPPING, NEXT MOVE LOWER IF SUPPORT FAILS
Current Price & Market Context
• PEPE is trading around $0.0000045–$0.0000046 — still deep under long‑term highs and reflecting weak price action this cycle.
• Recent charts show ongoing bearish pressure with lower highs and failure at major moving averages, signaling sellers are still dominant.
---
KEY TECHNICAL LEVELS (Support & Resistance)
Support Levels
• Primary support: ~$0.0000040 – critical floor near recent lows. Break below here could trigger accelerated selling.
• Secondary support: ~$0.0000038–$0.0000039 – weaker stability zone if the main level cracks.
Resistance Levels
• Immediate resistance: ~$0.0000048–$0.0000050 – overhead supply zone — price must clear this to reduce bearish pressure.
• Next resistance tier: ~$0.0000059–$0.0000074 – higher targets that would confirm a short‑term trend change.
📊 Interpretation: PEPE remains below key psychological and technical levels — recovery hinges on reclaiming resistance zones with volume. Support near $0.0000040 is the immediate battleground.
---
TRADE SETUP — SHORT (BEARISH BIAS)
Entry (Sell):
➡️ Short entry: $0.0000047–$0.0000048 (if price rallies into resistance and rejects)
Stop Loss (SL):
📉 SL: $0.0000052 (invalidation above minor breakout zone — protects against spike reversals)
Take Profit (TP):
🎯 TP1: $0.0000040 (primary support)
🎯 TP2: $0.0000038 (deeper support if breakdown accelerates)
🔁 Notes:
This setup assumes continued bearish momentum.
If PEPE breaks above $0.0000059 with conviction and volume, SHIFT to a bullish invalidation and avoid new short positions.
