$PePe
๐ PEPE / USDT Market Update
๐ Trend Insight:
PEPE has experienced a sharp impulsive breakout after a prolonged consolidation phase. Price is currently hovering near local highs, showing signs of short-term exhaustion.
๐ Trade Bias: SHORT (Intraday / Pullback Play)
๐ Trade Plan:
๐ Entry Range: 0.00545 โ 0.00555
๐ Stop Loss: 0.00572
๐ฏ Take Profit Levels:
โข TP1: 0.00520
โข TP2: 0.00495
โข TP3: 0.00470
๐ Technical Breakdown:
RSI is deeply overbought, indicating overheated momentum. Price has expanded aggressively away from the Supertrend support, increasing the probability of a corrective pullback or range compression.
๐ง Execution Tip:
Avoid chasing green candles. Let price come into resistance and manage risk tightly.
โ ๏ธ This is a technical perspective, not financial advice.
