$PUMP $PUMP Alert: Is the Next Leg Up Starting? 🚀
PUMP/USDT is showing a very clean bullish recovery on the 1H chart! After a sharp dip to 0.002323, the price has reclaimed key levels and is now consolidating near 0.002583.
🔍 Technical Breakdown:
Trend Alignment: Price is currently trading above the Middle Bollinger Band (0.002502), confirming that the short-term bias has flipped to the bulls.
MACD Strength: We have a clear bullish crossover with the MACD line rising above the signal line. Green histogram bars are expanding, suggesting increasing buying pressure.
RSI Indicator: RSI (10) is at 68.20. While it is approaching the overbought zone, it still has room for a final push before a major cool-off.
Support Reclaim: The bulls have successfully defended the 0.002402 support zone (Lower Bollinger Band).
🎯 Professional Trade Strategy:
Entry Zone: 0.002550 – 0.002600 (Current consolidation range).
Target 1: 0.002750 (Immediate resistance).
Target 2: 0.002950 (Recent swing high).
Target 3: 0.003300 (Breakout target).
Stop Loss (SL): 0.002340 (Must protect capital below the recent wick low).
💡 Final Thought:
$PUMP is moving with decent volume and a strong structure of higher lows. If it breaks the 0.002600 level with high volume, expect a fast move to the upside. Always trade with a plan!
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$PUMP ? Are you holding or scalping? Let’s discuss below! 👇
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