Alert!
$PEPE A massive $10.273K short position was liquidated at $0.02152, signaling a strong breakout!
The bears are trapped, and the bulls are charging! Let’s dive into what’s next and how you can make the most of this opportunity.
📈 Current Market Sentiment
Price Action: After liquidating shorts at $0.02152, $PEPE is showing strong bullish momentum. This indicates growing buying pressure and a potential uptrend.
Volume: The trading volume is spiking, suggesting heightened interest and participation in the market.
Buy Zone
You can consider entering around the $0.02150–$0.02180 range, as it is likely to act as a support level after the liquidation event.
💡 Tip: Watch for minor pullbacks to confirm the entry zone.
🎯 Target Levels
Set your targets in stages to secure profits as the price moves upward:
First Target (T1): $0.02300
Second Target (T2): $0.02450
Third Target (T3): $0.02600
These targets align with key resistance zones and previous price peaks.
🛑 Stop Loss
Protect your capital with a stop loss below the recent support:
Stop Loss: $0.02080
This level ensures limited losses if the market unexpectedly reverses.
Risk Management Tips
1. Never invest more than you can afford to lose.
2. Use only 1–2% of your portfolio for this trade to manage risk effectively.
3. Keep an eye on market news and updates, as sudden changes can impact price movement.
🚨 Key Takeaway
The recent short liquidation at $0.02152 is a clear sign of bullish strength. With proper entry, targets, and stop loss, you can ride this wave smartly. Timing and discipline are your best allies in trading.