$PUMP broke below the 24-hour low: current price 0.005627, prior low 0.005667.
After the breakdown, watch for two things:
· Will the prior low 0.005667 turn from support into resistance (a rebound that can’t get back)
· When it breaks down, is there an increase in volume— a low-volume breakdown might just be a bear trap
For the bull case and the bear case, what reasons do you have?
#PUMP
This content is for reference only and does not constitute investment advice. DYOR.
After the breakdown, watch for two things:
· Will the prior low 0.005667 turn from support into resistance (a rebound that can’t get back)
· When it breaks down, is there an increase in volume— a low-volume breakdown might just be a bear trap
For the bull case and the bear case, what reasons do you have?
#PUMP
This content is for reference only and does not constitute investment advice. DYOR.