$PEPE short liquidation update:

PEPE Alert: Major Short Liquidation Spotted! šŸ”„

The market just witnessed a $38.6K short liquidation at $0.0180! This is a clear sign that bullish momentum is growing, as sellers are being forced to exit their positions.

Could this be the start of a major breakout? Letā€™s dive into the details.

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Market Insights

1. What Happened? This liquidation indicates that bearish positions have been overwhelmed by strong buying activity, pushing prices higher.

2. Bullish Sentiment Building: Breaking the $0.0180 level shows that bulls are taking control and could drive prices to the next resistance levels.

Next Steps: Plan for Traders

Hereā€™s a simple and effective trading strategy for PEPE:

Buy Zone: Look for entries around $0.0175 - $0.0182. This range offers a safer entry point if thereā€™s a pullback.

Target Levels:

Short-term Target: $0.0192

Medium-term Target: $0.0200

Long-term Target: $0.0220

Stop Loss: To minimize risk, set your stop loss at $0.0170.

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Why This Matters

Short liquidations of this size often act as a catalyst for further price increases. If PEPE holds above $0.0180, it could gain even more momentum and rally to new highs.

šŸ’” Pro Tip: Keep an eye on trading volume. If volume increases alongside price action, it confirms strong buyer interest.

Also, monitor the broader crypto market for trends that could influence PEPEā€™s movement.

The bulls are roaring! Stay sharp, trade smart, and seize the opportunity. šŸš€

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