PUMPUSDT test supports: How are the buy and sell forces fighting it out?
$PUMP đang is being traded at 0.004207 with a change of -9.02%, bringing the price close to the support zone of 0.004198 on the 1-hour timeframe. 📉
Upside: If the buying side holds the 0.004198 support zone and pushes the price through the nearby resistance at 0.004219, the token may move toward a retest of 0.004238 on a higher timeframe.
Downside: Conversely, if selling pressure increases and breaks the 0.004198 support, the price could slip toward the next support area at 0.004163 on the 4-hour timeframe. 🌊
Trading volume on the 1-hour timeframe is 3.57x, with an RSI index of 30.9, indicating that selling pressure is still dominating the short-term momentum. Opening a position before the trend is clearly confirmed could face significant risk from liquidity-sweeping wicks on both ends.
#PUMPUSDT #Crypto
$PUMP đang is being traded at 0.004207 with a change of -9.02%, bringing the price close to the support zone of 0.004198 on the 1-hour timeframe. 📉
Upside: If the buying side holds the 0.004198 support zone and pushes the price through the nearby resistance at 0.004219, the token may move toward a retest of 0.004238 on a higher timeframe.
Downside: Conversely, if selling pressure increases and breaks the 0.004198 support, the price could slip toward the next support area at 0.004163 on the 4-hour timeframe. 🌊
Trading volume on the 1-hour timeframe is 3.57x, with an RSI index of 30.9, indicating that selling pressure is still dominating the short-term momentum. Opening a position before the trend is clearly confirmed could face significant risk from liquidity-sweeping wicks on both ends.
#PUMPUSDT #Crypto
