$PUMP — Short Setup: Momentum Stalling at Resistance 📉
The Analysis: The recent bounce in $PUMP is losing steam as it hits a major supply zone. Buyers are failing to gain acceptance above the $0.00310 level, and sellers are stepping in aggressively. On the lower timeframes, momentum is rolling over, and we are seeing a "lower high" structure forming. As long as this resistance zone caps the price, the downside continuation remains the high-probability play.
Trade Details:
🔹 Entry Zone: 0.00300 – 0.00310
🔹 Target 1: 0.00285
🔹 Target 2: 0.00260
🔹 Target 3: 0.00235
🛑 Stop Loss: 0.00325
Outlook: The push higher looks corrective rather than a trend reversal. We expect a retest of the lower liquidity zones as the hype cools down. Manage your risk and trade with discipline! 📊
Trade #pump here 👇
PUMPUSDT
Perp
0.003184
+18.85%