📉 SHORT SIGNAL: $PUMP Technical Pullback 🚨
$PUMP is looking heavily overheated after a massive rally. Price action is currently hitting a major resistance zone, providing a high-probability opportunity to trade the mean-reversion (pullback).
📌 TRADE SETUP: SHORT $PUMP (Perp)
Entry Zone: 0.00318 – 0.00325
Stop-Loss (SL): 0.00342
Risk Profile: Mid-High (Manage your leverage accordingly)
🎯 Take-Profit (TP) Targets:
Target 1: 0.00306 (Secure early gains)
Target 2: 0.00292
Target 3: 0.00275 (Main Support)
🔥 Trade Rationale:
Overextended Volume: $PUMP surged over 16% on massive volume, pushing the price directly into a short-term overbought zone.
Technical Exhaustion: The RSI is currently above 70, signaling that buyers are losing steam. Meanwhile, the MACD is showing signs of weakening bullish momentum.
Resistance Rejection: Price is struggling to break through a tight horizontal resistance. Without a period of consolidation, a further breakout is unlikely.
Mean Reversion: Instead of "chasing the green candle" at local highs, shorting here offers tight risk control and a superior risk-to-reward ratio for a move back to support levels.
📊 Current Market Data:
Price: 0.003201
24h Change: +15.72%
Trend: Short-term Bearish Divergence forming.
⚠️ Disclaimer: Crypto trading involves high risk. This is for educational purposes only. Always use a Stop-Loss and never risk more than you can afford to lose.
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