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rejectionswing
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$PEPE JUST GOT SMACKED AT RESISTANCE — CLASSIC REJECTION PLAY 🐸
The bid tried to push through but hit a wall of ask pressure that sent it right back down. If this level holds as resistance, a clean pullback to the demand zone below could set up the next leg higher.
I’m watching the volume structure on the 1H — sellers stepped in heavy at that rejection candle, no signs of absorption yet. A sweep of the recent low might actually be the real entry for the next move.
Are you shorting this rejection or waiting for a retest of support?
Not financial advice. Always manage your risk.
#PEPE #RejectionSwing #CryptoSetup #ShortTermPullback
🔥
The bid tried to push through but hit a wall of ask pressure that sent it right back down. If this level holds as resistance, a clean pullback to the demand zone below could set up the next leg higher.
I’m watching the volume structure on the 1H — sellers stepped in heavy at that rejection candle, no signs of absorption yet. A sweep of the recent low might actually be the real entry for the next move.
Are you shorting this rejection or waiting for a retest of support?
Not financial advice. Always manage your risk.
#PEPE #RejectionSwing #CryptoSetup #ShortTermPullback
🔥
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