Here’s a technical analysis post for a long trade on $PUMP /USDT based on your chart:
/USDT TECHNICAL ANALYSIS – LONG TRADE SETUP
$PUMP /USDT is showing early signs of potential recovery after recent pullback, currently trading at 0.007065, down 4.00%. Price is near short-term support at 0.006838, with resistance around 0.007503.
Key Levels:
Support: 0.006838 – critical level for buyers.
Resistance/Target: 0.007503 – next upside target.
Indicators:
RSI/KDJ: K=44.01, D=55.14, J=21.74 – oversold conditions suggest potential upward bounce.
MACD: DIF < DEA with slightly positive histogram (0.000005) – indicates weakening bearish momentum.
Volume: 11.82B PUMP – high liquidity supporting potential recovery.
Trade Plan:
Entry: Around 0.00705 – on signs of reversal or confirmation candle.
Target: 0.00731 – 0.00750 zone.
Stop Loss: 0.00681 – below support to manage risk.
Summary:
Short-term trend shows potential bullish reversal. $PUMP/USDT may see upward movement if support at 0.006838 holds.
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