Large $105K Short Liquidated in 1000PEPE at $0.0112 — Possible Short Squeeze
I noticed a $105,000 short on 1000PEPE was liquidated at $0.0112. That forced buying likely created upward pressure and may reflect short-covering momentum.
I view this as a near-term bullish signal driven by margin mechanics rather than fundamentals. I would watch volume and follow-through price action before increasing exposure.
Analysis
Recommendation
Watch price and volume for confirmation. If you trade this, prefer a small position or buy on weakness with tight risk controls rather than chasing the spike.
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.