🔥
$PLUME Update — Bullish Retracement, But Signals Are Mixed
Just reviewed the latest kline and here’s the clear picture 👇
📉 Volume Check:
Current volume is extremely low (~1.16M), a massive drop from the recent pump peak (~1.59B). A green candle on such thin volume usually signals weak conviction — meaning price is more likely to chop sideways or retrace rather than trend hard.
💰 Capital Flow Breakdown:
Perpetuals: Net outflows on 3D / 5D / 7D timeframes (7D ≈ -2.6M USDT), showing higher-timeframe money is still exiting futures.
24H Perp Flow: Flipped slightly positive (+143K USDT), matching the short-term bounce — likely short-term speculators, not strong continuation buyers.
Spot Market: Persistent outflows across all timeframes (24H -150K, 7D -587K USDT). Real selling pressure is still present, and spot usually leads futures.
📊 Overall View:
$PLUME is cautiously bullish for very short-term trades only. This is not a spot-heavy or all-in environment.
🟡 Safer Entries:
Pullback to 0.01751 (24H low)
Or around MA10 ≈ 0.01698
Chasing after a ~6% pump while funding is negative = higher risk.
🛑 Risk Management:
📥Entry: 0.0177
🛟Stop-loss: 0.01717
🎯 Targets:
🔑TP1: 0.01927 (24H high)
Stretch: 0.02192 (upper Bollinger band, ~18% upside — needs real volume + market shift)
⚠️ Final Note:
Momentum indicators (KDJ / MACD) look constructive, but low volume, negative funding, and spot selling keep risk elevated. Trade light, stay nimble, and don’t force size here.
What’s your take on
$PLUME at this level? 🚀
#plume #PLUMEUSDT #CryptoAnalysisUpdate #altcoins #TradingSignals