The $1000PEPE pair retreated after encountering significant resistance in the 0.00526–0.00528 area, facing strong selling pressure. Following the decline, the price attempted to rebound but failed to return to the previous range, indicating that sellers remain in control. The current pattern resembles post-sell-off consolidation rather than a healthy recovery.
The price is currently below the recent breakout area, and any upward attempts will soon be limited. As long as $1000PEPE remains below the 0.00524–0.00530 resistance area, the possibility of further declines to the lower support level remains. If the price can rebound strongly and hold the resistance level, the above scenario will no longer hold.
Ultra-Short-Term Trading Plan
Short Sell
Entry Area: 0.00520 – 0.00526
Target Price 1: 0.00510
Target Price 2: 0.00498
Stop Loss: 0.00535
Leverage: 20x – 50x
Margin: 1% – 3%
Risk Warning: Lock in some profits at Target Price 1 and move the stop loss to the entry point to protect capital.
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