$1000PEPE Long Liquidation: $3.0453K at $0.00356
The $3.045K long liquidation at $0.00356 indicates that leveraged buyers were caught as price dipped below a short-term support level. When this level failed, margin positions were automatically closed, adding temporary selling pressure.
While not an extreme liquidation, it reflects short-term weakness and overextended long positioning. These events often act as a leverage reset, clearing crowded positions and allowing structure to stabilize.
Key levels to watch:
Reclaim above $0.00356–$0.00360 → suggests absorption and potential recovery.
Failure to reclaim quickly → could lead to further sweeps of lower liquidity zones.
The next move will depend on whether spot buyers defend this level or if sellers continue to press below the liquidation zone.
#USRetailSalesMissForecast #BinanceBitcoinSAFUFund #BitcoinGoogleSearchesSurge $1000PEPE
