💥PUMP/USDT — The pump continues or is a correction coming?
Analysis of the situation:
On the hourly chart of PUMP/USDT, a clear upward trend is observed. The price remains above key EMAs, indicating buying strength. Current indicators signal the possibility of both continued growth and a short-term correction.
🚨Indicators:
EMA (21/99): Short-term EMA is above the long-term — the trend is upward.
RSI (68): Close to the overbought zone, a slight pause is possible.
MACD: The lines crossed in the positive zone — bullish momentum is maintained.
Stochastic (92): A signal for a possible correction.
💰Trading plan — main scenario: long. The growth potential remains high, but it is important to consider the risk of a short-term correction.
🎯Targets:
1️⃣ 0.003237 (+2.7%)
2️⃣ 0.003184 (+1.5%)
3️⃣ 0.003115 (+0.9%)
➡️Entry points:
Conservatively: 0.003148 after confirming the breakout.
Aggressively: 0.003115 on the first pullback.
⛔️Stop-loss: 0.002924
📌Conclusion:
Indicators suggest the continuation of the upward movement, but market overheating requires caution. The optimal time to enter is after confirming the trend and adhering to risk management. Successful trades!
Spot trading 👉$PUMP
Futures 👇
