๐จ $PUMP | TREND BOUNCE SETUP ๐ข
After completing the correction and successfully testing the uptrend line, the price of $PUMP begins rebounding above the fast moving averages on the 1H timeframe, supported by an upward crossover signal and a clear improvement in momentum.
๐ข Monitoring area: 0.004700$โ 0.004862$ (near the uptrend line)
๐ฏ Targets:
TP1: 0.005144$
TP2: 0.005363$
TP3: 0.005605$
๐ Invalidation: 0.004450$ (breaking the uptrend line and closing below it)
๐ Scenario: The current positive rebound above the uptrend line (green line) and the moving averages crossover support the start of a new bullish wave targeting the consecutive resistance levels up to the previous waveโs peak.
โ ๏ธ Note: The momentum indicator shows a positive rise while price is in the bullish zone, which strengthens the advantage of continuing upward as long as price holds above the uptrend line.
After completing the correction and successfully testing the uptrend line, the price of $PUMP begins rebounding above the fast moving averages on the 1H timeframe, supported by an upward crossover signal and a clear improvement in momentum.
๐ข Monitoring area: 0.004700$โ 0.004862$ (near the uptrend line)
๐ฏ Targets:
TP1: 0.005144$
TP2: 0.005363$
TP3: 0.005605$
๐ Invalidation: 0.004450$ (breaking the uptrend line and closing below it)
๐ Scenario: The current positive rebound above the uptrend line (green line) and the moving averages crossover support the start of a new bullish wave targeting the consecutive resistance levels up to the previous waveโs peak.
โ ๏ธ Note: The momentum indicator shows a positive rise while price is in the bullish zone, which strengthens the advantage of continuing upward as long as price holds above the uptrend line.
