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PEPE's recent market trend remains quite weak, stuck in a downtrend channel with no signs of breaking out. From a technical perspective, each high is lower than the previous one (Lower Highs), a classic bearish pattern that has not been broken, and the psychological level of 0.00000600 is under heavy selling pressure.
Although there are occasional rebounds, the overall trend still points downward. In this situation, consider shorting when the price retraces to the upper boundary of the channel.
Shorting reference:
• Entry range: 0.00000595 – 0.00000605
• Stop loss set at: 0.00000635
• First target: 0.00000540 (approximately -10% decline)
• Second target: 0.00000500 (approximately -18% decline)
Follow the trend and wait for opportunities to appear, making your moves more confident.