Guys $PUMPBTC is looking heavy and setting up for further downside ๐
Entry: 0.01255 - 0.01265
๐ฏ TP1: 0.01220
๐ฏ TP2: 0.01180
Price is locked in a clear downward structure below key moving averages. Long positioning is extremely overcrowded at nearly 80%, leaving the market vulnerable to cascading liquidations as support gets tested.
If selling pressure holds price under current levels, a retest of 0.0122 is likely next.
Let's see if trapped longs get pushed out ๐
Entry: 0.01255 - 0.01265
๐ฏ TP1: 0.01220
๐ฏ TP2: 0.01180
Price is locked in a clear downward structure below key moving averages. Long positioning is extremely overcrowded at nearly 80%, leaving the market vulnerable to cascading liquidations as support gets tested.
If selling pressure holds price under current levels, a retest of 0.0122 is likely next.
Let's see if trapped longs get pushed out ๐