$PUMP reacted well after taking liquidity.
The 1h/4h context still favors sellers, and open interest is coming out of the move.
I would rather see price reject around $0.005451–$0.00549 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.005516.
Is this level enough for you, or do you want another confirmation first?
#PUMP #Trading
Trade plan: SHORT
Entry: $0.005451 - $0.00549
SL: $0.005516
TP1: $0.005337
TP2: $0.005281
TP3: $0.005247
The 1h/4h context still favors sellers, and open interest is coming out of the move.
I would rather see price reject around $0.005451–$0.00549 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.005516.
Is this level enough for you, or do you want another confirmation first?
#PUMP #Trading
Trade plan: SHORT
Entry: $0.005451 - $0.00549
SL: $0.005516
TP1: $0.005337
TP2: $0.005281
TP3: $0.005247