The handover pullback after the sharp surge is, in essence, still a rebound trade
$PUMP Current price 0.0046, -1.86%. In the short term I’m slightly bullish: this is a handover pullback after the急拉 (sharp jump), not the start of a new round of decline. In the past 24 hours, long positions account for 63% of liquidations, and leverage is being cleared; the platform is still using revenue to repurchase—on August 26, it repurchased about 255 million PUMP tokens, worth about $1.24 million. Down below, there really are people buying.
How to trade: don’t chase at 0.0046. Wait for 0.00442–0.00450 to stabilize before entering; if you already have positions, continue holding them. The first resistance is 0.00495. If price rises with volume and breaks above, then watch for 0.0052–0.0054. 0.00435 is strong support and also the long/short line—if it breaks down, exit immediately. Don’t treat the pullback as a belief. Spot market momentum has cooled compared with the previous peak days. Before reclaiming 0.00495, the essence is still a rebound trade.
$PUMP Current price 0.0046, -1.86%. In the short term I’m slightly bullish: this is a handover pullback after the急拉 (sharp jump), not the start of a new round of decline. In the past 24 hours, long positions account for 63% of liquidations, and leverage is being cleared; the platform is still using revenue to repurchase—on August 26, it repurchased about 255 million PUMP tokens, worth about $1.24 million. Down below, there really are people buying.
How to trade: don’t chase at 0.0046. Wait for 0.00442–0.00450 to stabilize before entering; if you already have positions, continue holding them. The first resistance is 0.00495. If price rises with volume and breaks above, then watch for 0.0052–0.0054. 0.00435 is strong support and also the long/short line—if it breaks down, exit immediately. Don’t treat the pullback as a belief. Spot market momentum has cooled compared with the previous peak days. Before reclaiming 0.00495, the essence is still a rebound trade.