PEPEUSDT: liquidity sweep before bullish movePEPE / TetherUSBINANCE:PEPEUSDT3CommasThe Macro Picture 🗺️ After the January structural peak at $0.00000725, PEPE collapsed into a deep flush and carved out a horizontal range that has now defined four months of price action. The corridor sits between the $0.00000310 macro floor and the $0.00000460 upper boundary — a textbook accumulation playground where larger players have been quietly absorbing supply. With price rolling off the May high and RSI bleeding toward 30, the path of least resistance points back to the lower boundary, where unfilled liquidity sits beneath multiple equal lows. The Setup ⚙️ The Ceiling: The $0.00000460 boundary has now stamped two structural peaks — the February rejection at $0.00000510 and the May high — confirming that bears are defending this band with high-confluence sell flow. The Rejection: Price recently failed to extend through the May peak and has flushed back beneath the $0.00000400 equilibrium, with RSI confirming the loss of momentum through the 50 mid-line and rotating toward oversold territory. The Range Play: The $0.00000310 to $0.00000460 corridor creates a structural playground for grid-based accumulation, where every prior touch of the floor has sparked a powerful reversal back toward the ceiling. The Roadmap: Primary target sits at $0.00000310 — the macro floor desperately needs to be tested to trigger sell stops parked beneath the February low and clear out over-leveraged longs before any sustainable reversal can take shape. Invalidation: a clean daily close above $0.00000460 would invalidate this bearish thesis and open the path back toward the $0.00000510 local high.