$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.
This could be the start of a potential downturn if selling pressure continues.
What’s Happening?
With long positions being cleared,
$PEPE might experience further downward movement.
If the 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 that 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.
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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