$PUMP Short Setup — Sharp Spike Rejection & Liquidity Sweep
Price action on the 15m timeframe for Pump.Fun ($PUMP ) printed an aggressive liquidity sweep up to $0.004550 before getting heavily rejected back to $0.004411 (+10.52% daily). The long upper wicks and strong red momentum candles confirm heavy overhead supply.
📍 Entry: $0.004410 - $0.004470
🎯 TP1: $0.004320
🎯 TP2: $0.004200
🛑 SL: $0.004530
⚖️ Risk/Reward: 1:2.2
Risk: 2.7% | Reward: 6.0%
For me, confirmation > FOMO.
Looking for weak relief retests into immediate resistance before executing short continuation trades.
Second leg down to lower support or minor recovery bounce first? 👀
— ANiii Trader 📊
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