$PEPE Long Liquidation Alert!
A huge long position of $50.7K has been liquidated at $0.0199 on PEPE!
This powerful move is causing shockwaves through the market. Here's everything you need to know:
Key Details:
Liquidated Amount: $50.7K
Liquidation Price: $0.0199
Position Type: Long
Impact: This liquidation is likely to trigger volatility and price corrections in the short term. Traders might adjust their positions based on this event.
What’s Next for $PEPE ?
Price Action: Following such a massive liquidation, expect possible downward pressure or a sharp correction in the coming hours.
Support Zone: Watch $0.0180 – $0.0185 as the first potential support levels.
If price reaches here, buyers could start stepping in.
Resistance Zone: If $PEPE can hold above $0.0199, look for a move towards $0.0205 – $0.0210, but this depends on how the market reacts to the liquidation.
For Traders:
Short-term Caution: After a $50.7K liquidation, there’s potential for further volatility, especially as market participants adjust their positions.
If you’re looking to buy the dip, $0.0180 – $0.0185 could be a solid entry point, but always monitor for quick price shifts.
If you’re shorting, consider aiming for $0.0180 as a target, while keeping a stop loss above $0.0200 to protect yourself from a rebound.