PUMP token is in the spotlight again. After a strong bounce, it is up +2.81% today and showing good strength on low timeframes.
But top trader The Crypto Jack has shared a different plan. He marked a BLUE BOX resistance zone on the chart and said this whole box is for one thing: BUILD 100x SHORTS and place your DCA short orders.
$CRYPTO MECHANIC also said $PUMP displayed really good strength, which means many retail traders will FOMO long at the top.
This is a classic trap setup. Price pumps, shows strength, then wipes out longs. So smart traders are not chasing here. They are waiting for the blue box to start shorting.
If you are holding$ PUMP spot, take some profit here. And if you want to short, do it with proper risk management.