1000PEPE: $200K Short Liquidated at $0.0110 — Watch for Follow‑Through
I saw that 1000PEPE triggered a $200K short liquidation at $0.0110. That-sized forced buy indicates recent aggressive upside and short-covering around that price.
I view this as a potential short-squeeze signal but not a standalone buy trigger. I want to see follow-through in volume and price structure before committing capital.
I'll monitor intraday momentum, liquidity, and whether bids hold above 0.0110; given the token's volatility, I won't chase moves without confirmation.
Analysis
Recommendation
Watch price and volume for confirmation rather than buying immediately. Consider a small, disciplined position only after clear follow-through or use tight risk controls if trading intraday.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.