$1000PEPE Pushing into the Resistance Zone, Short with Discipline
Short Trading Plan 1000PEPE (20x)
👉Entry: 0.00383 – 0.00393
SL: 0.00420
TP1: 0.00360
TP2: 0.00330
TP3: 0.00300
1000PEPE is pushing up to the 0.00383 – 0.00393 zone after a pullback from below. But don't get your hopes up, this zone is showing quite clear resistance. The current movement looks sluggish, volume isn't explosive, and the overall structure still leans towards sellers.
Stop loss is placed at 0.00420, a fairly clean level, above the resistance zone. If it gets swept, no regrets. If the price is rejected here, the targets 0.00360 → 0.00330 → 0.00300 are entirely feasible.
The price is small, and the percentage volatility is very high. The distance from entry to stop loss is quite wide (~6.9-9.7%). Divide your capital and manage risk well. The targets are far apart, so be patient and take profits gradually.