#PUMPUSDT
The price is at the peak of buying momentum on a 15-minute frame, trading above the pivot point (0.002879) and reaching sharp overbought levels (74.62)
Since the price is at the upper limit (0.002912) with an extremely high strength indicator, the market maker may be in a distribution or profit-taking phase to attract buyers at the current peak, making the possibility of a correction very strong.
"Safe" buying recommendation (correction rebound)
Trade: Buy PUMP - Safe entry (Long)
Entry: Clear rebound from 0.002879 (pivot point)
Stop loss: 0.002846 (breaking the lower limit)
Market maker's target: Resuming the rise after profit-taking
First target: 0.002907
"Excellent" selling recommendation (rejection from resistance)
Trade: Sell PUMP - Excellent entry (breakout failure)
Entry: 0.002912 (upper limit) - if it touches and fails to break through
Stop loss: 0.002930 (slight false breakout)
Market maker's target: Pushing towards testing the pivot point
First target: 0.002879 (pivot point)
Extreme caution should be exercised when buying at these levels, as the RSI at 74.62 significantly increases the likelihood of a downward correction.
