🚨 1000$PEPE E Liquidated Short: $57.8K at $0.0177! 🚨
The 1000PEPE token just saw a massive short liquidation worth $57.8K at $0.0177! This signals a strong upward shift as shorts are squeezed out of the market, creating buying pressure. Let's break down the technicals and plan the next move.
Support and Resistance Levels:
Support Levels:
$0.0150
$0.0140
$0.0125
Resistance Levels:
$0.0180
$0.0200
$0.0220
Market Analysis:
The liquidation of shorts at $0.0177 indicates strong upward momentum. If 1000PEPE can maintain above $0.0170, we could see a continuation toward the $0.0200 resistance level. However, expect some resistance around $0.0180, which might cause a pullback.
Next Steps:
Buy Signal: If 1000$PEPE breaks above $0.0180 and holds, it could continue towards $0.0200 and even higher. Consider entering positions above this level for potential gains.
Sell Signal:
If the price fails to break $0.0180 and shows signs of reversal, consider selling or taking profits near the resistance zones, especially around $0.0200.
Caution:
Cryptocurrencies like 1000PEPE are volatile, so manage your risk carefully and set stop-loss orders to protect your capital.
Conclusion: Watch for a breakout above $0.0180 for bullish continuation.
If resistance holds, take profits or consider shorting near key resistance levels. Stay strategic and trade with caution!