1D PEPEUSDT Potential Sell Zone

9월 26일

On the daily chart for PEPEUSDT , there's a clear double top formation around the 0.00957 level, signaling potential exhaustion of the upward momentum. The price has tested this resistance area twice, failing to break higher, which suggests a reversal could be on the horizon.

The supply zone around 0.00957 coincides with a key monthly high, creating a strong ceiling for the price. If this resistance holds, I’m expecting a drop towards the demand zone at TP1: 0.008053 and potentially further down to TP2: 0.006967.

Entry Point: 0.0095708
TP1: 0.008053
TP2: 0.006967
Stop Loss: 0.010034

The double top pattern, combined with the overbought conditions on the RSI, indicates that bearish momentum could soon take over. The market might primed for a correction after failing to break the supply zone.

I’ll be closely watching for price rejection in the supply zone and a continuation of the downtrend towards TP1 and TP2. If momentum slows at TP1, I'll take partial profits; otherwise, I’ll hold for a deeper retracement into TP2.

Always trade at your own risk with a money you can lose.

9월 26일

액티브 트레이드

I've opened the short position @ entry I mentioned above.

9월 27일

거래청산: 스탑 닿음

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