$PEPE Market Update: $10.88K Short Liquidation at $0.0201 .

The $PEPE token has shown a significant move, with a $10.88K short liquidation triggered at $0.0201.

This indicates strong buying momentum as short sellers were forced to cover their positions. Let’s break it down step by step:

Next Price Levels & Analysis

1. Immediate Resistance:

$PEPE is likely to face its next resistance near $0.0220 - $0.0230. If the price breaks above this level with high volume, we could see further upside momentum.

2. Key Support (Buy Zone):

The strong support zone is around $0.0190 - $0.0195. This is where buyers might step in if the price pulls back. It’s a safe area for potential entry.

3. Target Levels:

Target 1: $0.0220

Target 2: $0.0250

Target 3: $0.0280

4. Stop-Loss Level:

Place a strict stop-loss at $0.0180 to manage risk effectively. If the price dips below this, it could signal a bearish trend.

Market Sentiment

Bullish Indicators: The short liquidation shows buyers are currently dominating the market. RSI is likely climbing, and we might see higher trading volumes in the next sessions.

Bearish Risks: If broader market conditions weaken or Bitcoin (BTC) drops, PEPE might face pressure.

Trading Strategy

Entry Zone: Accumulate PEPE within $0.0190 - $0.0195 if you’re planning a long trade.

Profit Booking: Gradually book profits at target levels.

Risk Management: Always stick to your stop-loss to avoid unexpected losses.

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