$PUMP đ»just lost $0.006 support⊠and $5M+ in long liquidations could be only the beginning! đš
âBuy the dip!â â but what if the dip isnât finished?
$PUMP dropped 7.2% to around $0.0055, while trading volume fell 20%. Meanwhile, $5.09M in long positions got wiped out. Thatâs what happens when leveraged traders bet on a recovery and price moves against them. đ„
Hereâs the scary part: spot sellers are also taking control, and the MACD has turned bearish. Selling pressure isnât coming from futures alone.
đ Key levels to watch:
$0.0050 â critical support.
$0.0046 â potential downside target if selling accelerates.
$0.0060 â resistance PUMP needs to reclaim for recovery hopes.
If $0.005 breaks, another wave of panic selling could follow. But reclaiming $0.006 could change the picture.
đ„ Is PUMP preparing for another brutal leg down, or will buyers step in before $0.005 snaps?
âBuy the dip!â â but what if the dip isnât finished?
$PUMP dropped 7.2% to around $0.0055, while trading volume fell 20%. Meanwhile, $5.09M in long positions got wiped out. Thatâs what happens when leveraged traders bet on a recovery and price moves against them. đ„
Hereâs the scary part: spot sellers are also taking control, and the MACD has turned bearish. Selling pressure isnât coming from futures alone.
đ Key levels to watch:
$0.0050 â critical support.
$0.0046 â potential downside target if selling accelerates.
$0.0060 â resistance PUMP needs to reclaim for recovery hopes.
If $0.005 breaks, another wave of panic selling could follow. But reclaiming $0.006 could change the picture.
đ„ Is PUMP preparing for another brutal leg down, or will buyers step in before $0.005 snaps?