$PUMP /USDT — Overhead Supply Rejection | Short Setup
$PUMP has pushed directly into a prior resistance / supply zone after a sharp bounce, and the move is starting to look overextended. Upside follow-through is weak, and lower timeframes are showing clear rejection with buyer absorption, suggesting this bounce is corrective rather than the start of a new impulse.
As long as price remains capped below resistance, the structure favors a pullback continuation to the downside.
Trade Setup (SHORT)
Entry Zone: 0.00275 – 0.00295
Stop Loss: 0.00305 (clean invalidation above supply)
Targets:
TP1: 0.00245
TP2: 0.00210
Bias:
Bearish while below 0.00300 – 0.00305
Rejection from this zone keeps downside pressure active
Execution Notes:
Best entries come on rejection wicks or failed pushes into resistance
Consider partial profit at TP1 and trail stop to reduce risk
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