$PEPE Market Alert 🚨
A long position worth $5,983.7 was liquidated at $0.00002697, signaling growing bearish pressure as long traders are forced out.
📉 What’s Happening?
With long positions being cleared, $PEPE might experience further downward movement. If market sentiment remains negative, more selling could follow.
🔑 Key Levels to Watch:
• Support: $0.0000265 – A crucial level to hold. If the price falls below this, further downside toward $0.0000260 may follow.
• Resistance: $0.0000275 – If $PEPE breaks above this, it could indicate buyers are regaining control.
⚡ Suggested Strategy:
• For Shorts: If $PEPE fails to reclaim $0.0000275, consider shorting with a target around $0.0000265 or lower.
• For Caution: Watch for a break below $0.0000265, as that could lead to a further dip.
📊 Pro Tip: Keep stop-losses tight and monitor for any shifts in volume and market sentiment. Avoid chasing the market until there is confirmation of direction.
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