I’m watching $PUMP closely after the recent long liquidation of $154.52K at $0.00199. This correction is healthy it’s shaking out weak hands and allowing the market to consolidate before the next leg up. I like seeing these shakeouts because they prevent a messy, unsustainable rally.

Trade Setup:

Entry Zone: $0.00192–$0.00195 I’m watching this area for signs of buying pressure.

Target 1: $0.00205 a nearby resistance zone from the previous swing.

Target 2: $0.00215 previous reaction high where sellers stepped in.

Stop Loss: $0.00188 below the recent low to avoid being stopped by minor wicks.

This zone feels strong because it lines up with previous support from early December, and it also sits near the 0.618 retracement of the last impulse. Every time price came here before, buyers showed up, and I’m seeing them start to build strength again. If this level holds, it’s likely we’ll see a retest of the highs soon.

The long liquidation at $0.00199 didn’t break this area significantly, which is promising. I’m staying patient, letting the zone confirm itself, and will move in only if I see solid reaction candles forming.