Trading Plan Short PUMP
$PUMP just lost the 1h EMA21 and looks ready to flush lower after failing to reclaim.
Entry: $0.001856-$0.001906
Stoploss: $0.001965
Targets: $0.001845 / $0.001775 / $0.001695
PUMP got rejected at $0.00188, right at prior resistance, and now the 1H is breaking down. OI is dropping hard, down 9% in 24h, suggesting longs are getting squeezed while sellers are aggressive. Top traders are still long, which usually means more pain when it flushes. I'm looking for a move toward the lower Bollinger band. Reclaim $0.001965, and this short is invalidated.
Trade $PUMP here 👇
$PUMP just lost the 1h EMA21 and looks ready to flush lower after failing to reclaim.
Entry: $0.001856-$0.001906
Stoploss: $0.001965
Targets: $0.001845 / $0.001775 / $0.001695
PUMP got rejected at $0.00188, right at prior resistance, and now the 1H is breaking down. OI is dropping hard, down 9% in 24h, suggesting longs are getting squeezed while sellers are aggressive. Top traders are still long, which usually means more pain when it flushes. I'm looking for a move toward the lower Bollinger band. Reclaim $0.001965, and this short is invalidated.
Trade $PUMP here 👇