🚀 $PUMP is showing a potential technical setup!

The weekly chart for PUMP/USDT on Binance indicates a strong recovery from macro lows, currently testing the upper range of recent consolidation around the 0.005594 level.

📈 The Technical Setup:
• The Pattern: Fibonacci Extension and Range Consolidation Setup
• Short-term Target: 0.005944 (Fib 1.618)
• Macro Objective: 0.007510 (Fib 3.618)
• Market Structure: Accumulation and breakout continuation

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.004500 - 0.004677
• Resistance: 0.005944
• Breakout Level: 0.005460
• Stop Loss / Invalidation: 0.004037

📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish weekly candle testing immediate resistance zone
• Trend: Higher lows established above macro support trendline

⚠️ Invalidation:
A weekly close below the 0.004037 support level would invalidate this current bullish continuation setup.

PUMP is testing key Fibonacci extension levels on the weekly timeframe, offering a defined risk-to-reward setup for potential continuation.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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