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$PUMP going strong bullish, but those overbought signals are screaming for a breather. Overall, I'm cautiously bullish - trend's up, but a pullback seems likely soon.
Price action-wise, we've had a solid +27%
$PUMP from that 0.001709 low, but those long wicks near 0.002236 resistance show sellers pushing back hard. And the volume dropping on highs? Classic exhaustion sign.
Volume's telling a story: the recent 4-hour candles are showing less juice on the way up (like the last one at 517 million vs the usual 6-8 billion), which makes me think the buyers are starting to tire out a bit.
Flows are mixed too: short-term contracts are bleeding out (-3.35M over 6-8 hours), probably folks cashing in profits, but spot's seeing inflows (+1.75M over 24H), so it feels like some smart accumulation happening underneath.
For entries longs
$PUMP : I'd wait for a dip to that 0.002006-0.002040 zone where Support level and MA5 line up nicely. If you're aggressive, grab a bit at current levels (~0.002172) but keep it small and stops tight below 0.0020067.
Stop-loss: Around 3.5% under (like 0.002096 if entering now).
Targets: First at Resistance level ~0.002273, then if it runs, next resistance target at 0.002388
PUMPUSDT
Perp
0.002187
+8.69%
Indicators are overheated, but the structure's still making higher highs/lows, and those spot inflows hint at big hands buying the dips while derivatives take profits. That support zone looks prime for a bounce. #pump
#PUMPUSDT #pumpfun