I’m looking at $PUMP /USDT and the short-term structure is clearly weak right now. Price has dropped from the recent highs and is sitting around 0.003637, just below the visible MA60 at 0.003656.
For me, the key area is 0.003635–0.003637. Price is hovering near the recent low on the chart, so I’d want to see this area fail before considering a short. A move back above 0.003656 would make the bearish setup less attractive.
📍 Entry: 0.003635–0.003637
🎯 TP1: 0.003580
🎯 TP2: 0.003580 area / 24h low
🎯 TP3: Not clearly justified from the visible chart
🛑 Invalidation: 0.003656
If price loses 0.003635, I’d consider the downside momentum more convincing, with the 0.003580 24h low becoming the main level I’m watching.
The biggest issue here is that price is already close to the visible low, so chasing the move carries risk. I’d rather wait for confirmation than force an entry. For me, the setup stays bearish while price remains below the MA60, but I’d stay flexible if buyers reclaim 0.003656.
For me, the key area is 0.003635–0.003637. Price is hovering near the recent low on the chart, so I’d want to see this area fail before considering a short. A move back above 0.003656 would make the bearish setup less attractive.
📍 Entry: 0.003635–0.003637
🎯 TP1: 0.003580
🎯 TP2: 0.003580 area / 24h low
🎯 TP3: Not clearly justified from the visible chart
🛑 Invalidation: 0.003656
If price loses 0.003635, I’d consider the downside momentum more convincing, with the 0.003580 24h low becoming the main level I’m watching.
The biggest issue here is that price is already close to the visible low, so chasing the move carries risk. I’d rather wait for confirmation than force an entry. For me, the setup stays bearish while price remains below the MA60, but I’d stay flexible if buyers reclaim 0.003656.
