Looking at PEPE's trend, this shorting opportunity is quite good. The current technical analysis indicates that entering a short position around 0.00598 is advisable.

If the market cooperates, the first target can be set at 0.00577, where you can consider reducing your position or observing subsequent performance. If the momentum continues, 0.00552 is the second key level. The most aggressive target is set near 0.00531, and by then, it should be time to take profits.

Risk management should not be relaxed; the stop-loss must be firmly set at 0.00646 to effectively control downside risk. When trading contracts, the main risk is a pullback that breaches the stop-loss, so position management and disciplined execution are of utmost importance. This signal applies to the 1000PEPE contract; everyone should adjust their position according to their risk appetite.