$PUMP 🟢
PUMP is up 8% and just shoved its head through the ceiling of the range it's been stuck in all week. 📊
📌 $PUMP
Bias: Long
Position Entry: 0.005766
Stop: 0.005368
TP 1: 0.006562
- Trend is bullish and price has cleared the top of the dealing range, so longs are trading with the flow here.
- The break above the previous high at 0.005561 happened just one candle back, which is about as fresh a trigger as you get.
- Higher lows from 0.004312 up through 0.004386 keep the uptrend line intact underneath this whole push.
- Price is stretched above the range rather than mid-range, so I want dips back toward the broken level for entries.
- Stop sits under 0.005368, the old resistance price broke and now has to hold as support.
- There are no untapped highs overhead, so the target is the range height projected up off the breakout.
Let the level do the deciding here — if the wicks get wild, cut the size before you cut the stop.
#SmartMoney #CryptoTrading
PUMP is up 8% and just shoved its head through the ceiling of the range it's been stuck in all week. 📊
📌 $PUMP
Bias: Long
Position Entry: 0.005766
Stop: 0.005368
TP 1: 0.006562
- Trend is bullish and price has cleared the top of the dealing range, so longs are trading with the flow here.
- The break above the previous high at 0.005561 happened just one candle back, which is about as fresh a trigger as you get.
- Higher lows from 0.004312 up through 0.004386 keep the uptrend line intact underneath this whole push.
- Price is stretched above the range rather than mid-range, so I want dips back toward the broken level for entries.
- Stop sits under 0.005368, the old resistance price broke and now has to hold as support.
- There are no untapped highs overhead, so the target is the range height projected up off the breakout.
Let the level do the deciding here — if the wicks get wild, cut the size before you cut the stop.
#SmartMoney #CryptoTrading