Looking at the movement of $PUMP in the 1H timeframe, there are several important technical points that we need to monitor before taking a position. After a significant increase, the price seems to have hit a local resistance wall.

Trade plan :

Entry : 0.002150 – 0.002180 (Wait for retest)

TP1 : 0.002100

TP2 : 0.02050

SL : 0.002220 (Invalidation point)

Technical analysis

1. Resistance Rejection: The price touched the 0.002187 level but failed to stay above it. The appearance of several bearish candles afterwards indicates that selling pressure is starting to dominate in the upper area.

2. Volume & Momentum: Buying volume appears to be slowing down. Although the Stochastic RSI is currently in oversold territory, this is often a sign of consolidation before continuing the decline (healthy correction) to find new support.

Trade $PUMP 👇👇

PUMPUSDT

دائم

0.001793

-2.50%