#pump
The price is currently trading above the pivot point at 0.002756 in a very narrow range after a sharp decline from 0.002920. The immediate resistance (upper limit) is at 0.002787 and the critical support is at 0.002724. The Relative Strength Index is at 69.630236, which is very strong and close to overbought.
The market maker is in the phase of pressing against the upper resistance.
Attempting to break through 0.002787 and 0.002920 to liquidate sell contracts and attract new buyers.
As the RSI is very close to overbought (69.63), the breakout may be a trap followed by a quick distribution (profit-taking) from the market maker.
The market maker must keep the price above 0.002724 to maintain the bullish trend.
Sell PUMP
Entry: 0.002960 if touched and fails to break through.
Stop loss: 0.003040
