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Don't remind me again today

PEPE just painted a textbook bearish flag on the chart, and it's not looking pretty 📊. Price consolidated in a tight uptrend channel after the selloff, but this is classic setup territory — usually means more pain incoming.



The technicals are screaming weakness: RSI sitting flat near neutral (no conviction either way), MACD rolling over into bearish crossover territory. Volume tells the real story though — those red candles coming on heavy volume means real selling pressure, not just noise.

On-chain data backs it up too. Whale wallets are distributing their bags 🐳, and exchange inflows are ticking up (tokens moving back to CEXs = prepare for exit). Meanwhile, retail buy volume is drying up and sentiment on social has gone from FOMO to fear real quick.

Break below the flag's lower edge and this could cascade hard — liquidity sweep incoming. The smart play? Don't chase here. Wait for a real reversal signal before going long. If this breaks down, PEPE could visit support zones way below current price.

TL;DR: Flag looks ready to break lower. Risk management > heroic entries. Watch volume. 🔍
PEPE-4.83%
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