PEPEUSDT Technical Analysis – Accumulation or Bull Trap?
PEPE is trading at a critical decision zone on the 2H chart. After a clear bearish trend with multiple BOS to the downside, price has swept liquidity below the previous low and reacted strongly from the discount zone. This move created equal lows (EQL) followed by a CHoCH, signaling potential smart money accumulation — or a classic bull trap.
🔹 Buy Setup (High R:R)
Buy zone: 0.00000360 – 0.00000375
SL: Below 0.00000350
TP1: 0.00000410
TP2: 0.00000445 (equilibrium)
TP3: 0.00000500 (premium zone)
This setup only remains valid if price holds above the swept low.
🔹 Sell Setup (Trend Continuation)
If price fails to hold above 0.00000410 and shows rejection:
Sell zone: 0.00000415 – 0.00000425
SL: Above 0.00000445
TP1: 0.00000385
TP2: 0.00000360
Bulls argue liquidity is already taken and downside is limited. Bears believe this is just a pullback into supply before another dump.
Only structure will decide.
📌 Trade confirmation, not emotions.
👉 Follow for more SMC & Price Action breakdowns.
