$PUMPBTC went absolutely vertical with an +81% surge after a brutal flash crash, but this chart is dangerously overextended! 🛑🕯️
Entry: 🎯 0.01350 - 0.01400
SL: 🛑 0.01180
TP: 💰 TP1: 0.01650 | TP2: 0.01800
$PUMPBTC just had a violent flash crash down to 0.00690, wiping out longs, before immediately reversing and pumping +130% to a local high of 0.01599 📈. The price is currently massively overextended from all moving averages (MA7 is at 0.0105). Chasing a vertical candle like this on a Perp is a recipe for liquidation. I'm waiting for a pullback and consolidation before entering. If it loses 0.0120, this entire pump is likely a fakeout.
Am I wrong? Tell me below 👇
Entry: 🎯 0.01350 - 0.01400
SL: 🛑 0.01180
TP: 💰 TP1: 0.01650 | TP2: 0.01800
$PUMPBTC just had a violent flash crash down to 0.00690, wiping out longs, before immediately reversing and pumping +130% to a local high of 0.01599 📈. The price is currently massively overextended from all moving averages (MA7 is at 0.0105). Chasing a vertical candle like this on a Perp is a recipe for liquidation. I'm waiting for a pullback and consolidation before entering. If it loses 0.0120, this entire pump is likely a fakeout.
Am I wrong? Tell me below 👇