1000$PEPE Long Liquidation: $15.735K at $0.02121
A dramatic liquidation shook the #1000PEPE market as a $15.735K long position was wiped out at the critical level of $0.02121.
Key Levels:
Support: The next crucial support lies at $0.02050, a historically strong level where buyers may step in.
Resistance: If a recovery occurs, the first hurdle will be at $0.02250, followed by the psychological barrier of $0.02500.
What’s Behind This?
The liquidation was likely triggered by:
1. High Leverage: A sharp move downward caused the position to collapse.
2. Market Sell-Off: Weak sentiment and aggressive selling likely accelerated the price drop.
Prediction: What’s Next?
Bearish Continuation: If $0.02050 fails, we could see a drop toward $0.01900.
Bullish Reversal: A bounce from support might spark a relief rally toward $0.02250.
Strategy:
Traders should wait for a clear signal near $0.02050.
Avoid overlever
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