$PUMP ๐ปjust lost $0.006 supportโฆ and $5M+ in long liquidations could be only the beginning! ๐จ
โBuy the dip!โ โ but what if the dip isnโt finished?
$PUMP dropped 7.2% to around $0.0055, while trading volume fell 20%. Meanwhile, $5.09M in long positions got wiped out. Thatโs what happens when leveraged traders bet on a recovery and price moves against them. ๐ฅ
Hereโs the scary part: spot sellers are also taking control, and the MACD has turned bearish. Selling pressure isnโt coming from futures alone.
๐ Key levels to watch:
$0.0050 โ critical support.
$0.0046 โ potential downside target if selling accelerates.
$0.0060 โ resistance PUMP needs to reclaim for recovery hopes.
If $0.005 breaks, another wave of panic selling could follow. But reclaiming $0.006 could change the picture.
๐ฅ Is PUMP preparing for another brutal leg down, or will buyers step in before $0.005 snaps?
โBuy the dip!โ โ but what if the dip isnโt finished?
$PUMP dropped 7.2% to around $0.0055, while trading volume fell 20%. Meanwhile, $5.09M in long positions got wiped out. Thatโs what happens when leveraged traders bet on a recovery and price moves against them. ๐ฅ
Hereโs the scary part: spot sellers are also taking control, and the MACD has turned bearish. Selling pressure isnโt coming from futures alone.
๐ Key levels to watch:
$0.0050 โ critical support.
$0.0046 โ potential downside target if selling accelerates.
$0.0060 โ resistance PUMP needs to reclaim for recovery hopes.
If $0.005 breaks, another wave of panic selling could follow. But reclaiming $0.006 could change the picture.
๐ฅ Is PUMP preparing for another brutal leg down, or will buyers step in before $0.005 snaps?