$PEPE Long Liquidation: $18.406K at $0.0252
1. What Happened?
A long position of $18.406K in #1000PEPE was liquidated as the price hit $0.0252.
The market reversed against the buyers, triggering the liquidation.
2. Market Analysis
Bearish Shift: Sellers took control, pushing prices lower.
Key Resistance: Watch for resistance around $0.026, where further selling pressure may emerge.
Support Levels: If the price drops further, the next support might be at $0.024 or lower.
3. What’s Next?
Bearish Momentum: The price could continue to slide towards $0.024.
Short-term Bounce: A potential short-term bounce to $0.0255 could occur before any more downside.
4. Trading Strategy
For Bears: Look for short opportunities near $0.025 to $0.0255.
For Bulls: Be cautious—wait for confirmation of a solid reversal before entering long positions.
The market has shifted, and with liquidation at $0.0252, be prepared for possible continued downward movement!
