🚨 $PUMP is in a clear downtrend. On the 1-hour chart, I’d consider taking a short position.
Looking at the volumes, the recent candlesticks had big spikes during price drops, while current volume is weak—showing continued selling pressure. Capital flows are also negative, with net outflows like -8.36M USDT in the past hour and -8.17M over 4 hours. Short-term momentum is strongly bearish.
Short entry for $PUMP: You could enter now around 0.002631, or wait for a small pullback to the resistance at 0.0028623 for a potentially better setup.
Stop loss: About 3.5% above entry, around 0.002722 if entering at 0.002631.
Targets: First support at 0.0026247, with a further target at 0.0025063 if the drop accelerates.
Be cautious—volatility is high and the RSI is oversold, which could lead to a sudden bounce. Are you shorting $PUMP or holding back?
