1000PEPE Short Squeeze: $200K Liquidated at $0.0110 — Watch for Pullback Entry
I observed a $200,000 short liquidation on 1000PEPE at $0.0110, which indicates a strong short squeeze and immediate upward pressure.
I view this as a short-term bullish signal but expect heightened volatility and a realistic risk of a sharp retracement after the squeeze.
I will monitor price action for a controlled pullback or clear support before adding exposure, avoiding chasing the spike.
Analysis
Recommendation
Prefer buying on weakness or after confirmation of support rather than chasing the immediate spike; position size should be conservative given expected volatility.
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.