🚨 $PUMP TRADE SETUP 🚨
PUMP is one of the day's strongest movers, up roughly 17%+ near the $0.0052-$0.0058 zone on heavy volume as the buyback and burn machine keeps running. 📈
I'm watching for a LONG on a pullback or retest, not chasing the current candle.
Entry: $0.0050 – $0.0053
TP1: $0.0058
TP2: $0.0065
TP3: $0.0080
SL: $0.0046
🔥 Why PUMP is on watch:
Over $466M spent on buybacks, with the tokens burned. Weekly revenue just passed Hyperliquid's. It broke above the $0.00473 Fib level, which should now act as support. $0.0050 is the psychological level and first support. A clean break above $0.0058 opens the way toward the $0.0065-$0.0080 area
⚠️ Risks:
It's still a meme-launchpad token, and a +38% weekly run can retrace hard. Open interest is elevated, so liquidation wicks in both directions are likely. A close below $0.0046 breaks the breakout structure, which invalidates the setup. If price drops straight through the entry zone without a bounce, don't catch it.
Risk/reward from the entry midpoint is roughly 1.2R to TP1, 2.5R to TP2, and 5R to TP3. Consider taking partial profit at TP1 and moving your stop to breakeven.
Not financial advice.$PUMP
PUMP is one of the day's strongest movers, up roughly 17%+ near the $0.0052-$0.0058 zone on heavy volume as the buyback and burn machine keeps running. 📈
I'm watching for a LONG on a pullback or retest, not chasing the current candle.
Entry: $0.0050 – $0.0053
TP1: $0.0058
TP2: $0.0065
TP3: $0.0080
SL: $0.0046
🔥 Why PUMP is on watch:
Over $466M spent on buybacks, with the tokens burned. Weekly revenue just passed Hyperliquid's. It broke above the $0.00473 Fib level, which should now act as support. $0.0050 is the psychological level and first support. A clean break above $0.0058 opens the way toward the $0.0065-$0.0080 area
⚠️ Risks:
It's still a meme-launchpad token, and a +38% weekly run can retrace hard. Open interest is elevated, so liquidation wicks in both directions are likely. A close below $0.0046 breaks the breakout structure, which invalidates the setup. If price drops straight through the entry zone without a bounce, don't catch it.
Risk/reward from the entry midpoint is roughly 1.2R to TP1, 2.5R to TP2, and 5R to TP3. Consider taking partial profit at TP1 and moving your stop to breakeven.
Not financial advice.$PUMP
