How to factory reset Pebble Smartwatch. 1  Turn your Pebble watch on. 2  Press the action button to enter your menu. 3  Scroll down and select your Settings. 4  Scroll all the way down and select Factory Reset.5  Confirm your selection and the watch will do its thing. Turn your Pebble watch on. 2  Press the action button to enter your menu. 3  Scroll down and select your Settings. 4  Scroll all the way down and select Factory Reset. 5  Confirm your selection and the watch will do its thing. 6  You are done!