$PUMP just made a fast vertical spike straight into resistance, and now the chart is starting to tell a different story. When price shoots up too quickly without building support underneath, it often leaves a weak structure behind. That kind of move doesn’t usually hold — it fades.
Now we’re seeing rejection near the top. The candles are struggling to push higher, and momentum is slowing right where sellers were waiting before. This is where late buyers usually get trapped, and smart traders start looking the other way.
Trade Idea (Short Setup)
The area between 0.00270 and 0.00275 is where the rejection zone sits. That’s the region where upside strength is fading and downside risk becomes interesting. Entering here means you’re leaning into the resistance, not chasing the drop.
Downside Levels to Watch
First reaction zone comes at 0.00262. That’s where price might pause as early buyers try to defend.
If selling pressure continues, the next move opens toward 0.00250 — a more meaningful pullback area.
If momentum fully flips, 0.00238 becomes the deeper target, where the spike move could be almost completely retraced.
Risk Control
The idea is invalid if price breaks and holds above 0.00283. That means sellers lost control and the rejection failed. Simple rule — if it breaks, you’re out.
This isn’t about predicting a crash. It’s about recognizing when hype runs into resistance and the move starts losing breath. Vertical pumps often come down just as fast.
Stay calm. Take profits step by step. Let the chart work — not emotions.
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