$PUMP 📊 Technical Outlook for PUMP: Today & Tomorrow
Current Situation: Price has surged +22%+ today, approaching a key resistance zone. The primary signal is a STRONG BUY across moving averages (12/14 indicators). The main question is if it can break out.
🔴 Key Resistance Zone: $0.003025 - $0.0033. This is the neckline of a bullish "inverse head and shoulders" pattern. Until this breaks on high volume, expect consolidation/pullbacks.
🟢 Critical Support Zone: $0.00258 - $0.00237. The 50-day MA (currently $0.00258) is key. A drop below **$0.00237** weakens the bullish setup.
🎯 Upside Target (If Breakout): $0.0045 - $0.0046. This is the measured move target from the bullish pattern, a ~53% upside from the breakout point.
💡 Bottom Line & Trader's Plan
· Today (Jan 27): Watch price action at $0.0030-$0.0033. A strong daily close above it signals breakout confirmation.
· Tomorrow (Jan 28): A confirmed breakout could target $0.0040+**. A rejection likely leads to a retest of **$0.0026-$0.0028 support.
· Key Action: The bullish structure is intact above $0.00258**. Your stop-loss for any long position should be below **$0.00237.
🔄 Market Context
· Pattern: Bullish "inverse head and shoulders" suggests a trend reversal from a 4-month downtrend.
· Momentum: RSI at 54.45 is neutral, allowing room for upward movement. MACD remains bearish per one reading, suggesting caution.
