$PUMP just ran 9.5% in a day and it's parked barely above the one level that decides whether that move was real.
yesterday's high was $0.004368. price broke it, and now it's using that same spot as the floor, trading $0.004391 right now. that's the tell i care about more than the RSI 58 sitting comfortably under overbought.
zoom out and the week backs it up: $PUMP is up 18.66% on 7d, outperforming BTC by 9.8 points over that stretch. the 30 day chart is still ugly, down almost 12% and trailing BTC by over 22 points there, so this is a bounce trying to become one.
right now $PUMP trades at $0.004391. if it holds $0.004368, i think it grinds toward the 10-day swing high at $0.00452, about 3.1% up from here. if it loses $0.004368, i'm wrong on this and anyone who bought the breakout is holding the exact top of the move with no floor underneath them.
holding $0.004368 or losing it?
follow me for more calls like this.
yesterday's high was $0.004368. price broke it, and now it's using that same spot as the floor, trading $0.004391 right now. that's the tell i care about more than the RSI 58 sitting comfortably under overbought.
zoom out and the week backs it up: $PUMP is up 18.66% on 7d, outperforming BTC by 9.8 points over that stretch. the 30 day chart is still ugly, down almost 12% and trailing BTC by over 22 points there, so this is a bounce trying to become one.
right now $PUMP trades at $0.004391. if it holds $0.004368, i think it grinds toward the 10-day swing high at $0.00452, about 3.1% up from here. if it loses $0.004368, i'm wrong on this and anyone who bought the breakout is holding the exact top of the move with no floor underneath them.
holding $0.004368 or losing it?
follow me for more calls like this.
