🧐 PUMP/USDT Update: Is this a buy after the bounce?
**Check Data:**
- Price: $0.002024 (+3.53% 24h)
- 24h Vol: 11.9M USDT
- Charts: Daily & 4H analyzed.
**Analysis:**
📈 **Trend:** Daily chart trend is DOWN. Price is below the key EMA(200) at $0.002802.
🎯 **Key Levels:**
- **Resistance:** $0.002030 (24h High), $0.002197 (EMA50)
- **Support:** $0.001881 (24h Low)
🔍 **Indicators:**
- **EMA:** Price is below EMA50 & EMA200 = Bearish structure.
- **RSI:** Not shown, but price is ~3.5% up. Watch for divergence.
- **MACD:** **Bullish Momentum.** DIF just crossed above DEA (green histogram). This is a short-term bullish signal on the 4H chart. *Teach: This shows buying momentum is increasing, but it needs to hold above key EMAs to be strong.*
**Verdict: WAIT & WATCH.**
No clear opportunity yet.
**Why?** While the 4H MACD is bullish, the price is still trapped below major daily EMAs (50 & 200). This is a classic "counter-trend bounce" within a larger downtrend.
**Watch This Level:** **$0.002197 (EMA50).** A solid 4H candle close **above** this level could signal a stronger reversal and a potential long setup.
Note: PUMP's price action is correlated with Bitcoin's movement.