$PUMP (1D): Will a higher low form at 0.004677, or is the price heading for a channel breakdown? 🔔
The price is trading at daily resistance at 0.006182, nearing the top of the range, while a correction toward the golden support zone between 0.004500 and 0.004900 is anticipated (confluence of the 0.618 Fibonacci level and the lower boundary).
Holding this zone and forming a higher low would open the way toward 0.008009 once again.
Meanwhile, a decisive break below 0.004500 would invalidate the bullish structure and send us down toward weekly support at 0.003475.
#PUMP #CryptoAnalysis #BinanceSquare #TechnicalAnalysis
The price is trading at daily resistance at 0.006182, nearing the top of the range, while a correction toward the golden support zone between 0.004500 and 0.004900 is anticipated (confluence of the 0.618 Fibonacci level and the lower boundary).
Holding this zone and forming a higher low would open the way toward 0.008009 once again.
Meanwhile, a decisive break below 0.004500 would invalidate the bullish structure and send us down toward weekly support at 0.003475.
#PUMP #CryptoAnalysis #BinanceSquare #TechnicalAnalysis