$PEPE experienced a sharp impulsive sell-off into a demand zone, followed by a strong reaction and bounce, indicating buyers stepping in aggressively. The move looks like a liquidity sweep rather than a trend breakdown, with price stabilizing after the rejection wick — setting up a potential mean reversion push.

Trade Setup (Long):

• Entry: 0.00000495 – 0.00000500

• TP1: 0.00000510

• TP2: 0.00000525

• TP3: 0.00000545

• SL: 0.00000480

Market Outlook:

Short-term bias turns bullish while price holds above 0.00000480. Losing this level would invalidate the bounce and open room for further downside continuation.