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$1000PEPE Bearish in the short term.
This round of upward momentum is clearly weakening. I think there may be a pullback to test the support area of the 1-hour MA25.
I plan to enter a short position in the range from 0.002896 to 0.002969. For the target zone, watch 0.0028176 to 0.0027257. Set the stop-loss at 0.0030581.
But everyone must pay attention to risk. Right now, the broader macro trend is still bullish. If the support level holds, a quick V-shaped reversal could happen at any time. Don’t go all-in—control your position size according to your account. Also, you can take a quick look at the price action of $BANK and $XAU as well.