$PUMP : WAIT - waiting for one more rejection under the failed shelf.
What happened: PUMP broke down from 0.00356, flushed to 0.00325, and bounced under the shelf. The last push wicked to 0.003564 and closed back under. Bitcoin is soft too after flushing to 67449.
Entry: 0.003540 short, only if price taps it and an hourly candle closes back under.
Stop loss: 0.003600, about 1.7 pct above entry.
Target 1: 0.003420, gives 1.5 times the risk.
Target 2: 0.003300, gives 3.2 times the risk.
Skip longs, buying here fights sellers under broken resistance.
What cancels the idea: an hourly candle ends above 0.003600, buyers took the shelf back.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: PUMP broke down from 0.00356, flushed to 0.00325, and bounced under the shelf. The last push wicked to 0.003564 and closed back under. Bitcoin is soft too after flushing to 67449.
Entry: 0.003540 short, only if price taps it and an hourly candle closes back under.
Stop loss: 0.003600, about 1.7 pct above entry.
Target 1: 0.003420, gives 1.5 times the risk.
Target 2: 0.003300, gives 3.2 times the risk.
Skip longs, buying here fights sellers under broken resistance.
What cancels the idea: an hourly candle ends above 0.003600, buyers took the shelf back.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
