$PEPE ready to pump?PEPE / TetherUSBINANCE:PEPEUSDTMax_Trader_IQA lot of coins are looking ready for another leg down, but not $PEPE. It's one of the few coins where most of the liquidity is sitting right above the current price. 1️⃣ This happens quite often with memecoins. As soon as even a small correction starts, traders rush to open shorts, only to get liquidated shortly after. That's exactly why we see massive moves like the one yesterday. 2️⃣ The CMF is also looking interesting, showing liquidity inflows. It's forming a bullish divergence with price because, throughout the entire correction this month, liquidity barely left the asset and remained relatively flat. In other words, traders have been consistently buying the dip on $PEPE. 3️⃣ On top of that, PEPE reclaimed its diagonal support yesterday, and now it's extremely important for price to hold above this level. Otherwise, the move could turn out to be a long squeeze, sending us toward $0.00000036, the next zone of long liquidity. I expect PEPE to sweep more short liquidity around $0.000000467–$0.00000489 during the current move, then pull back toward the nearest support at $0.00000445. 4️⃣ If price manages to hold that level, the next target will be the massive cluster of short liquidity at $0.00000537–$0.00000549. 5️⃣ However, if PEPE fails to hold support, the next target will be the liquidity sitting below it at $0.00000374.