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Looking at PEPE's recent market trend, it surged sharply to 0.0062886 initially, then started to weaken. On the short-term chart, a clear top formation has appeared, and the MACD is turning around from high levels. Trading volume is also shrinking, indicating that the bullish momentum is gradually fading.
From a capital perspective, the force actively selling off is increasing. Although the open interest remains stable, the influx of new follow-up funds is noticeably decreasing. Some large investors have already started to position themselves with short positions, which is a pretty clear signal.
This point in time is suitable for entering short positions. The entry can be around 0.00605, with a stop-loss placed above the key resistance at 0.0063. Support levels below are in the range of 0.0055 to 0.0052. Use the retracement momentum after this wave of gains to grasp the short-term reversal profit opportunities.