$PUMP has been bleeding all morning, down about 8.6% on the day to around 0.00426, and the 4h candles keep stepping lower from the 0.0047 area. Nothing dramatic, just steady selling.
The part that caught my eye is the positioning split on Binance futures. About 54% of accounts are short (L/S 0.84), but top traders by position are heavily long at 2.24. Funding is basically flat at +0.0034% per 4h and OI has drifted from roughly $80M to $75M over the last day, so this isn't a fresh short wave piling in, more like longs slowly giving up.
On the NanoTrading Fire chart the liquidation heatmap has a thick band sitting right around current price at 0.0042-0.0045, and another dense strip near 0.0040-0.0041 that lines up with the October wick low. Above us the next real clusters are around 0.0050 and 0.0055. The volume profile is all overhead too: VAL 0.00473, POC around 0.0063.
My plan is simple. I'm not buying here while it chops through that band. If 0.0040 gets swept and reclaimed, that's the long I'd want, with 0.0047 as the first target. Lose 0.0040 cleanly and I just step aside. NFA.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$PUMP #PUMP #NanoTrading
The part that caught my eye is the positioning split on Binance futures. About 54% of accounts are short (L/S 0.84), but top traders by position are heavily long at 2.24. Funding is basically flat at +0.0034% per 4h and OI has drifted from roughly $80M to $75M over the last day, so this isn't a fresh short wave piling in, more like longs slowly giving up.
On the NanoTrading Fire chart the liquidation heatmap has a thick band sitting right around current price at 0.0042-0.0045, and another dense strip near 0.0040-0.0041 that lines up with the October wick low. Above us the next real clusters are around 0.0050 and 0.0055. The volume profile is all overhead too: VAL 0.00473, POC around 0.0063.
My plan is simple. I'm not buying here while it chops through that band. If 0.0040 gets swept and reclaimed, that's the long I'd want, with 0.0047 as the first target. Lose 0.0040 cleanly and I just step aside. NFA.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$PUMP #PUMP #NanoTrading