Liquidation Alert: $PEPE Long Position Liquidated
A $286K long position on $PEPE has been liquidated at $0.0178. This indicates a major shake in market confidence, likely due to heavy selling pressure or a failed breakout attempt.
Current Key Levels:
Support: $0.0165
This is the next critical zone where buyers may step in. If it holds, a bounce could be possible.
Resistance: $0.0185
For the bulls to regain control, the price needs to break above this level with strong momentum.
Suggestions:
1. If you're holding: Monitor closely. A breakdown below $0.0165 could trigger more selling, while a bounce might present an opportunity to exit or add more.
2. For new trades:
Buy: Consider entering only near $0.0165 if the price shows signs of stability (e.g., higher lows or increased volume).
Sell: If $0.0165 breaks, shorting or waiting for lower levels might be the safer option.
Caution:
Keep tight stop-loss levels to manage risk.
Watch for sudden volatility in the coming hours as liquidations often lead to wild price swings.
#BTCNextMove #CorePCESignalsShift #GrayscaleSUITrust #MarketPullback