#1000PEPE shorts just got squeezed, triggering a $9K+ liquidation! This shows strong short-covering momentum, hinting at potential upward pressure in the short term. The coin has absorbed a significant sell-off from bearish positions, which often precedes sharp rebounds or volatile swings.
📈 Technical Insight:
Immediate Resistance: $0.00435 – $0.00445
Immediate Support: $0.00415 – $0.00420
Trend Signal: Bullish short-term momentum, but watch out for heavy resistance zones.
⚡ What Traders Are Watching:
Volume Spike: Increased buy-side activity after liquidation – could fuel a short-term pump.
Whale Activity: Large PEPE holders could push a move if accumulation continues.
Market Sentiment: Fear of missing out (FOMO) might push price higher if shorts keep liquidating.
💡 Next Move – Possible Targets:
$0.00450 – $0.00455: First breakout zone for momentum traders.
$0.00470 – $0.00480: If short squeeze accelerates, a secondary surge could hit this.
Watch for Pullbacks: Any rejection at resistance could see retest of $0.00420.
🔮 Trading Tip:
Long-term HODLers: Hold and accumulate during dips.
Short-term scalpers: Look for short squeeze continuation, but set tight stops near support to avoid reversal traps.
💥 Next Coin in Spotlight:
After #1000PEPE’s action, #FARTCOIN and #PUMP are showing potential for similar short squeeze scenarios, given recent liquidation patterns. Keep an eye on coins with high short interest and low liquidity, as they can deliver explosive moves.
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