Unprecedented! PEPE leverage liquidation storm! Can whales affect liquidation?
$PEPE is a hot topic now. Let's talk about whether whales can stir up this liquidation storm.
At present, PEPE leveraged traders can be said to be dancing on the edge of a cliff. If the price goes up, even if it is just a little bit to $0.0000222, then more than $2 million of PEPE leverage orders will be wiped out, and the cloud of liquidation will hang over their heads.
The hot map is full of minefields. A slight price movement may trigger large-scale liquidation. The volatility of this market is simply amazing. Traders are also showing their magical powers, layered defenses are ready to stop losses at different prices, but once liquidation begins, the price will fall like dominoes.
The trend of PEPE is quite interesting. It has been a downward trend before, but now it seems that the momentum is changing. It has broken through the downward trend line and the trading volume has also increased. Buyers are going to do a big job. If the price can hold steady at the resistance level of $0.00002051, the previous downward trend will be broken, and the spring of PEPE may be coming.
Moreover, these whales are hoarding PEPE, especially a new wallet that bought 309.6 billion PEPE at a time, spending $6.45 million, and the average price is only $0.00002082, which is really amazing.
These large transactions are simply time bombs in the market, which may cause large fluctuations at any time. It seems that these influential market leaders are preparing for the rise of PEPE. If the price can stabilize the trading volume and continue to rise, PEPE will challenge higher prices, and the bearish pattern of the descending triangle is likely to be broken.
Now the market is watching the actions of these whales to see how they match the technical forecasts and promote the short-term price trend of PEPE.
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