This chart has been riding inside a clean ascending channel since $0.003200, but that sudden spike up to $0.004900 caught my attention and the immediate rejection off the top boundary is where things get tricky.
Price is currently hovering around $0.004740 after tapping a high of $0.004900 earlier in the session. The range today spans from the lower channel retest near $0.004000 all the way to the top of the structure. It’s a massive expansion move compared to the previous consolidation around $0.004200–$0.004400, but we are right at local supply now.
Entry: $0.004200
Stop Loss: $0.003900
TP1: $0.004700
TP2: $0.005000
#pump #analysis #trading #Bullrun
$PUMP
Price is currently hovering around $0.004740 after tapping a high of $0.004900 earlier in the session. The range today spans from the lower channel retest near $0.004000 all the way to the top of the structure. It’s a massive expansion move compared to the previous consolidation around $0.004200–$0.004400, but we are right at local supply now.
Entry: $0.004200
Stop Loss: $0.003900
TP1: $0.004700
TP2: $0.005000
#pump #analysis #trading #Bullrun
$PUMP