$1000PEPE – Retest Into Resistance, Momentum Fading.
Trading Plan: Short $1000PEPE
Entry Zone: 0.00365 – 0.00383
Stop Loss: 0.00400
Take Profit Targets:
TP1: 0.00340
TP2: 0.00310
TP3: 0.00280
Price has pushed back into the resistance zone once again, but the move lacks conviction. Instead of a strong breakout, momentum is clearly weakening, with each attempt to move higher showing less follow-through.
This kind of repeated retest without a clean breakout often signals exhaustion on the upside. Buyers are struggling to maintain control, while sellers are gradually stepping back in at the same level.
As the structure continues to form lower highs near resistance, the probability increases for a bearish rollover. If rejection confirms in this zone, downside targets become increasingly likely as liquidity shifts back to the sell side.
