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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