The recent rebound of 1000PEPE looks a bit "hollow."

From the 1-hour chart, the price surged to 0.0064345 and then started to decline, now down to 0.0060822, breaking below the two key moving averages MA5 (0.0061947) and MA10 (0.0061450). Such a breakdown is often not a good sign.

Looking at the technical indicators: RSI(6) is only 42.32, still in the neutral to weak range; the MACD is even more obvious—red histogram bars are narrowing, and although DIF (-0.0000185) has crossed above DEA (-0.0000352), the momentum is clearly lacking. Overall, it appears that the main force is using the rebound to distribute.

**Trading strategy:** The current price of 0.0060822 can be shorted directly. Place the stop-loss above the previous high at 0.0064345 for safety. The first target is 0.0059419 (the 24-hour low). If it continues downward, the 0.005800 level is also worth noting.

Trend positions can be held firmly. Short-term traders should avoid greed; taking profits in stages at support levels is more prudent. Be especially cautious of sudden rebounds by the main force, which may use a trap pattern to reverse and dump the market. Once key support is broken, it’s easy to get caught off guard.