Verdict the trend is up but the price is stretched. Don't buy at the current price.
$PUMP rose about 80% in a week (0.003748 → 0.006809) and is now moving sideways near the top.
The long wick at 0.006809 shows sellers pushed back there.
Volume is dropping, which means buying strength is fading.
Levels
Resistance: 0.006809, then 0.006963
Support: 0.006222, then 0.005615
What to do
Safer: wait for a dip to 0.0056–0.0060 and buy only if it bounces. Stop-loss below 0.0054.
Breakout: buy only if a 4h candle closes above 0.00681. Stop-loss below 0.00645, target 0.00696 and then 0.0075.
Short: only if a 4h candle closes below 0.00622. Target 0.00561, stop-loss above 0.0065.
Risk: use 3x leverage or less, and risk only 1–2% of your account per trade. This is not financial advice.
$PUMP rose about 80% in a week (0.003748 → 0.006809) and is now moving sideways near the top.
The long wick at 0.006809 shows sellers pushed back there.
Volume is dropping, which means buying strength is fading.
Levels
Resistance: 0.006809, then 0.006963
Support: 0.006222, then 0.005615
What to do
Safer: wait for a dip to 0.0056–0.0060 and buy only if it bounces. Stop-loss below 0.0054.
Breakout: buy only if a 4h candle closes above 0.00681. Stop-loss below 0.00645, target 0.00696 and then 0.0075.
Short: only if a 4h candle closes below 0.00622. Target 0.00561, stop-loss above 0.0065.
Risk: use 3x leverage or less, and risk only 1–2% of your account per trade. This is not financial advice.
