Pull back from 0.004385 to 0.005134, then retest down to the current level. The $PUMP amplitude has bitten into 23%. Trading volume is 392 million (USD equivalent/amount as given), ranking among the top in the altcoins—heat is not lacking.
Looking at volume-price structure: the increased volume follows the bullish candle; the pullback comes with reduced volume—this is a healthy continuation setup, not a top distribution dump. 0.00529 is the resistance pressure level for today. If it can’t break through, it will have to grind on. The lower 0.004385 is the low of this round of the launch—if it holds, there’s still another step. Set the stop loss just below 0.0043; if it breaks, it means this wick is a false breakout. First look at 0.0057—if it passes, then try for 0.0062. A loss of 0.16% to convert for 3%–7%—the math works out.
The most critical part is when this pattern finishes forming on the 4-hour chart. Keep an eye on the 0.00529 line—once it passes, it’s another stretch of the road.
#PUMP
Looking at volume-price structure: the increased volume follows the bullish candle; the pullback comes with reduced volume—this is a healthy continuation setup, not a top distribution dump. 0.00529 is the resistance pressure level for today. If it can’t break through, it will have to grind on. The lower 0.004385 is the low of this round of the launch—if it holds, there’s still another step. Set the stop loss just below 0.0043; if it breaks, it means this wick is a false breakout. First look at 0.0057—if it passes, then try for 0.0062. A loss of 0.16% to convert for 3%–7%—the math works out.
The most critical part is when this pattern finishes forming on the 4-hour chart. Keep an eye on the 0.00529 line—once it passes, it’s another stretch of the road.
#PUMP