🚨 PUMPBTC — BREAKOUT → RETEST → LONG?
PUMPBTC broke out of its consolidation, but I’m not chasing the current price.
I’m watching the $0.00966 area for a pullback/retest 👀
🟢 Entry: $0.00966
🛑 Stop Loss: $0.00921
🎯 Target: $0.01125
Why this setup?$PUMPBTC
The idea is simple:
Consolidation → Breakout → Pullback → Retest of support → Bullish reaction → Long
The $0.00966 area sits around the previous breakout/support zone.
If price comes back there and buyers defend it, the long setup becomes interesting.
⚠️ If price loses $0.00921, the setup is invalid.... 4hr candle is strong bullish closed .... market shifted from bearish consolidated to bullish market
No blind entry. I want to see the retest + confirmation first.
Risk/Reward is roughly 3.5R if the full target is reached. 🎯
Would you take this retest or wait for a deeper pullback?
#PUMPBTC #CryptoTrading #PriceAction #TradingSetup #BinanceSquare
PUMPBTC broke out of its consolidation, but I’m not chasing the current price.
I’m watching the $0.00966 area for a pullback/retest 👀
🟢 Entry: $0.00966
🛑 Stop Loss: $0.00921
🎯 Target: $0.01125
Why this setup?$PUMPBTC
The idea is simple:
Consolidation → Breakout → Pullback → Retest of support → Bullish reaction → Long
The $0.00966 area sits around the previous breakout/support zone.
If price comes back there and buyers defend it, the long setup becomes interesting.
⚠️ If price loses $0.00921, the setup is invalid.... 4hr candle is strong bullish closed .... market shifted from bearish consolidated to bullish market
No blind entry. I want to see the retest + confirmation first.
Risk/Reward is roughly 3.5R if the full target is reached. 🎯
Would you take this retest or wait for a deeper pullback?
#PUMPBTC #CryptoTrading #PriceAction #TradingSetup #BinanceSquare
