$PUMP finally woke up after sleeping in a tight range for hours, and I am watching it like a hawk
$PUMP $0.003737 +0.21% | H $0.003773 L $0.003569 | Turnover 5.73M
Look at 1h chart, this is the move I was waiting for. Price held $0.003625 floor again and again, sellers could not push it lower. Then buyers stepped in and pushed it straight up to $0.003737. That is not a random green candle, that is price taking back the whole EMA pack.
Here is what I see. EMA7 $0.003699 and EMA14 $0.003691 were squeezed together under price, and EMA28 $0.003719 was also there. When averages get that tight, price usually explodes one way. This time it went up. SAR dots are now sitting at $0.003630 below price, so for now buyers are in control.
But I am not getting too excited yet. RSI is 67.28, that is strong but also close to hot zone. Price is pressing right into upper Bollinger at $0.003732. That means we need real volume to keep going, otherwise this can fake out fast. Volume is 68.45M with MA5 70.50M and MA10 65.64M, so volume is there, but it has to stay.
My plan is very simple and I am already in from lower levels. I am treating this chop zone as my bottom. My stop is tight below $0.003600, below SAR and below swing low. If we lose $0.003600, this breakout is fake and I am out instantly, no hope, no waiting. My first target is a clean take of $0.003773 24h high. Above that, price can run free.
I am not chasing here at $0.003737 in the middle of the push. If you missed it, wait for retest of $0.00369 EMA zone. Risk 1 to 2% only, 5x to 10x isolated max.
Be honest, are you riding this PUMP breakout with me or waiting for $0.003773 to break first?
Comment PUMP if you are long, WAIT if you are watching.
Tap to trade 👉 $PUMP
#pump @Binance Square Official
$PUMP $0.003737 +0.21% | H $0.003773 L $0.003569 | Turnover 5.73M
Look at 1h chart, this is the move I was waiting for. Price held $0.003625 floor again and again, sellers could not push it lower. Then buyers stepped in and pushed it straight up to $0.003737. That is not a random green candle, that is price taking back the whole EMA pack.
Here is what I see. EMA7 $0.003699 and EMA14 $0.003691 were squeezed together under price, and EMA28 $0.003719 was also there. When averages get that tight, price usually explodes one way. This time it went up. SAR dots are now sitting at $0.003630 below price, so for now buyers are in control.
But I am not getting too excited yet. RSI is 67.28, that is strong but also close to hot zone. Price is pressing right into upper Bollinger at $0.003732. That means we need real volume to keep going, otherwise this can fake out fast. Volume is 68.45M with MA5 70.50M and MA10 65.64M, so volume is there, but it has to stay.
My plan is very simple and I am already in from lower levels. I am treating this chop zone as my bottom. My stop is tight below $0.003600, below SAR and below swing low. If we lose $0.003600, this breakout is fake and I am out instantly, no hope, no waiting. My first target is a clean take of $0.003773 24h high. Above that, price can run free.
I am not chasing here at $0.003737 in the middle of the push. If you missed it, wait for retest of $0.00369 EMA zone. Risk 1 to 2% only, 5x to 10x isolated max.
Be honest, are you riding this PUMP breakout with me or waiting for $0.003773 to break first?
Comment PUMP if you are long, WAIT if you are watching.
Tap to trade 👉 $PUMP
#pump @Binance Square Official
