$PEPE USDT Analysis and Trading Plan

Liquidation Alert:

A significant short position of $92.4K was liquidated at $0.0175, leading to a strong upward move. This shows that buyers are stepping in and could push the price higher in the short term.

Current Market Snapshot

Last Price: $0.0175

24H High: $0.0182

24H Low: $0.0169

Market Sentiment: Bullish after short liquidation

Next Steps for $PEPE Trading

Buy Zone:

Range: $0.0170 - $0.0175

This level is a strong support zone where buyers are expected to dominate.

Targets (Short-term):

1. Target 1: $0.0180 (minor resistance)

2. Target 2: $0.0190 (key psychological level)

3. Target 3: $0.0205 (major breakout target if bullish momentum continues)

Stop Loss:

Price: $0.0167

Placed below recent support to minimize risk if the trend reverses.

Technical Analysis

1. Volume Spike:

The high volume during liquidation shows strong buyer interest.

2. RSI Indicator:

If RSI crosses above 60, it will confirm bullish strength.

3. Key Resistance:

$0.0182 is the first level to watch; breaking this can lead to a stronger rally.

Trading Strategy

1. Entry Plan: Wait for the price to stabilize between $0.0170 - $0.0175.

2. Profit Booking: Take partial profits at each target to secure gains while riding the trend.

3. Risk Management: Stick to the stop loss, and don’t over-leverage your position.

Market Sentiment

The liquidation of a massive short position indicates bullish momentum, with buyers gaining control.

However, always keep an eye on volume and market conditions to adjust your plan if needed.

Conclusion:

$PEPE is currently in a recovery phase, with strong potential for a further upward move. Stick to your trading plan, manage risk, and watch the price action carefully. Happy trading!

#USJobsSurge256K #AIXBT,COOKIE,CGPTOnBinance #DOJBTCAuction #ShareYourTrade #USJoblessClaimsDrop