$PEPE has experienced a significant liquidated long position of $109K at $0.0188, suggesting potential downside momentum.
This could be a sign of bearish pressure, creating an opportunity for a short trade.
Entry Point: Enter a short position around $0.0185 to $0.0190 for optimal risk-to-reward.
Stop Loss: Place the stop loss at $0.0205 to protect against any upside breakout.
Target: Set the target at $0.0160, where support may be found.
$PEPE is under pressure following the liquidation, and a short position could capitalize on the potential downward move.
Monitor the market for further confirmation before entering.
Bearish Trend Setup: Analyzing Liquidation and Market Pressure for Shorting