$PUMPBTC - SHORT Setup
Entry: 0.0268 – 0.0272 (On a clear rejection at the 24h high/resistance zone after the pump)
Target 1:0.0250
Target 2:0.0240 (24h Low)
Stop Loss:0.0278 (Above the swing high)
My View:
PUMPBTC has experienced a massive,+100.66% pump in 7 days, pushing it into a parabolic move. However, this rally is occurring within the context of a catastrophic 90-day downtrend (-78.9%), making it look like a classic dead cat bounce or short squeeze. The price is now approaching the 24h high, which acts as major resistance. The volume spike suggests a potential exhaustion climax. Such violent retracements in bear trends are typically sold aggressively. I'm waiting for price to show a clear rejection in the $0.0268–$0.0272 area to enter short, expecting the primary downtrend to swiftly resume.
Bias: Bearish below $0.0272. A break above $0.0278 would challenge the immediate bearish view.
Disclaimer:High risk. My plan. Not advice. Trade your own risk.
