🔻 Short Selling Signal
$PEPE
I just closed my $PEPE position after today's price increase. Here's my brief analysis:
Market Pattern:
The price rose 6.38%, but encountered strong resistance near 0.00000353. I noticed momentum stalling, and the price struggled to hold above 0.00000350, a typical resistance level near the intraday high.
Reasons for My Caution:
· Price encountered resistance near the key resistance level of 0.00000353
· Price has retreated from its high
· Trading volume is starting to weaken
· The next support level is at 0.00000346, which needs close monitoring.
My Plan:
Observe whether the price can effectively retest the support level near 0.00000348 before considering re-entering the market. If the price breaks below this support level, the next major support levels are at 0.00000342 and 0.00000335.
What's your opinion?
Is this a healthy pullback or a trend reversal? Please share your chart below 👇
🎯 Target Price (Short):
0.00000348
0.00000342
0.00000335
🛑 Stop Loss: 0.00000352
#PEPE #Meme #Pullback #Write2Earn $PEPE
{spot}(PEPEUSDT)