PEPE/USDT 1H: Distribution Pattern Signals Further Downside?!PEPE/USDT 1H: Analysis
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Current Market Structure:
Price at $0.00000986, continuing within a bearish structure of lower highs and lower lows.
RSI at 40.34, indicating neutral to bearish momentum with no oversold conditions yet.
Smart Money Concepts:
Distribution phase is evident, with declining volumes reinforcing bearish continuation.
Hidden bearish divergence on RSI further supports downside bias.
Accumulation likely around $0.00000900 as Smart Money targets lower liquidity levels.
Key Levels:
Resistance: $0.00001050 (previous support turned resistance).
Support: $0.00000950 (next key level).
Stop Loss: Above $0.00001100 (recent swing high).
Targets:
T1: $0.00000900 (short-term target).
T2: $0.00000850 (extended target).
Risk Score:
7/10 – High-risk environment due to bearish continuation, but clear levels for invalidation.
Market Maker Intent:
Smart Money appears to be offloading positions, as distribution patterns emerge.
Liquidity below $0.00000950 and $0.00000900 could act as magnet levels for the next move.
Recommendation:
Short entry favorable at the current price of $0.00000986.
Maintain stops above $0.00001100 to limit losses in case of invalidation.
Monitor for a break below $0.00000950 for confirmation of extended downside.
Confidence Level:
7/10 – Bearish continuation supported by technical and volume analysis.
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