The meme coin leader PEPE currently exhibits typical characteristics of distribution at high levels.

From a technical perspective, there is a serious divergence in lower-level charts, which means that although the price is hovering at high levels, buying momentum has significantly weakened. Once market sentiment shifts, the decline can be quite rapid.

The short-term short position setup is as follows:
• Entry range: 0.00002150–0.00002280
• Stop-loss: 0.00002450
• First target: 0.00001800
• Second target: 0.00001550

Currently, the buying power is no longer sufficient to support the price at this high level. Once sentiment weakens, it often triggers a quick correction. Such assets can often offer good profit opportunities in the short cycle, but strict risk management is required.