Thrilling Update:
$PEPE Short Liquidation Alert: A $2,272.4 short position was liquidated at $0.01879. This signals bullish momentum, as traders betting on a price drop were forced out of their positions. Here's what you need to know and plan next:
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Key Details:
1. What Happened:
Short liquidation means strong buying pressure pushed the price higher, catching bearish traders off guard.
2. Critical Price Level:
$0.01879: This is now an important support level if the uptrend continues.
3. Market Sentiment:
Liquidations like this show bullish energy in the short term.
Watch for sustained buying interest to confirm further upward movement.
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Next Moves:
1. Key Levels to Watch:
Support: $0.01879 (recent liquidation level).
Resistance: $0.0195–$0.02 (psychological levels for a breakout).
2. If Holding PEPE:
Hold your position and watch if the price remains above $0.01879.
Consider taking profit near $0.02 if the price struggles to break it.
3. If Trading $PEPE :
Bullish Plan: Buy on dips above $0.01879 and aim for $0.0195 or higher.
$PEPE
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