$1000PEPE saw a sharp rejection from the 0.00580–0.00585 area and followed it with an impulsive breakdown toward the 0.00562 zone, showing clear bearish pressure and aggressive selling. The drop was fast and decisive, not a slow pullback, which signals distribution rather than healthy consolidation. The current bounce looks corrective and weak, with price struggling to reclaim the previous range.
As long as price stays below the 0.00578–0.00582 resistance zone, downside continuation remains likely toward the lower support area. This scalp focuses on following momentum after a breakdown, not trying to catch a bottom. A strong reclaim and hold above resistance would invalidate the idea.
Scalp Trade Plan
Short
Entry Zone: 0.00575 – 0.00582
TP1: 0.00560
TP2: 0.00545
Stop Loss: 0.00590
Leverage: 20x – 50x
Margin: 1% – 3%
Risk Tip: Reduce leverage if volatility spikes suddenly.
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1000PEPEUSDT
Perp
0.0049276
+5.19%