🔴$PUMP is bouncing, but the broader structure is still bearish. Price remains under EMA99, which keeps higher timeframe pressure to the downside. This sharp push up looks more like exit liquidity than real strength.

RSI is pushing near overbought on lower timeframes, increasing pullback risk. At the same time, open interest expanded during the bounce and is now starting to drop. That usually tells me late longs chased the move and are now vulnerable. When OI rises into resistance and then fades, trapped positioning often fuels the next leg down.

I’m not buying strength into resistance. I’m fading it.

WHY THIS SETUP WORKS

Trend is bearish. Price is under EMA99. Structure hasn’t shifted. A fast bounce into resistance in a downtrend often becomes liquidity for distribution.

Overbought RSI signals exhaustion risk. OI behavior suggests weak hands entered late. If momentum stalls in the 0.00305–0.00315 zone, downside continuation becomes the higher probability path.

This is a short-the-rally setup, not a prediction of collapse. If the level breaks and holds, bias changes. Until then, sellers have control.

FULL TRADE PLAN

Entry Zone: 0.00305 – 0.00315

Target 1: 0.00270

Target 2: 0.00230

Stop Loss / Invalidation: Daily close above 0.00330

I’m entering into resistance where risk is defined. If we get a daily close above 0.00330, structure shifts and I’m out. No FOMO, no chasing. Short rallies, manage risk, let momentum do the rest.

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