$1000PEPE Long Liquidation: $279.48K at $0.00467
A massive $279.48K long liquidation at $0.00467 signals a major failure from buyers to defend a crucial support. This breakdown forced highly leveraged positions to exit at a loss. With so many trapped longs above the zone, this level now acts as a heavy supply wall, where buyers will likely sell on every rebound to escape losses, adding continuous downside pressure.
Next Move
Remaining below $0.00464–$0.00470 keeps long traders trapped and supports further selling as they exit on bounces.
Targets – Bearish Follow-Through
TG1: $0.00459
TG2: $0.00452
TG3: $0.00441
Pro Tip
Do not chase the breakdown aggressively. Wait for a bounce into $0.00464–$0.00470, and enter only if a clear rejection forms with weak buying reaction. This disciplined method avoids impulsive entries and protects against rapid liquidation reversals.
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