PEPE's recent decline has indeed been fierce. Dropping from a high of 0.0068 to 0.0063731, many are still debating whether to buy the dip. Looking at the technicals, this doesn't resemble a typical rebound from a pullback.

During the recent surge, the main players once lured retail investors in to buy in, and the subsequent sideways consolidation became an excellent window for reducing positions. Once the chips changed hands, selling pressure emerged. The current price pressure is quite strong, and the rebound is basically limited in height.

If there is a rebound, don't be too optimistic. The extent of the bounce often marks the starting point of the next decline — this is a common pattern in sector movements. At this position, instead of blindly buying the dip, it's better to wait for a rebound to consider shorting opportunities. The market signals are already quite clear.