$PUMP is currently one of the strongest movers, trading around 0.004541 and up 13.04%. I’m impressed by the momentum, but I would avoid chasing a vertical candle. A controlled pullback into support offers a cleaner risk-to-reward opportunity.
Trade Setup — LONG
Entry Zone: 0.00440–0.00455
Target 1: 0.00480
Target 2: 0.00510
Target 3: 0.00550
Stop Loss: 0.00418
The setup works if the breakout zone turns into support instead of becoming a profit-taking area.
Trade Setup — LONG
Entry Zone: 0.00440–0.00455
Target 1: 0.00480
Target 2: 0.00510
Target 3: 0.00550
Stop Loss: 0.00418
The setup works if the breakout zone turns into support instead of becoming a profit-taking area.