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$PLUME is in a bullish retracement consolidation phase
Just checked the latest kline: volume is super low at only 1.16M, a huge drop from the massive volumes during the recent pump (peaked at 1.59B). Green candle on tiny volume like this usually means weak conviction — high chance we see a reversal or just chop sideways.
*Capital flow breakdown:
- Perpetual contract net flow is negative across 3D/5D/7D (7D shows -2.6M USDT outflow), so longer-term money is still leaving the futures market.
- But 24H flow flipped positive (+143k USDT), which lines up with the short-term price pump — probably some quick bullish specs jumping in.
- Spot market? Consistent outflows on all timeframes (24H -150k, 7D -587k USDT), meaning real selling pressure is still there and often drags futures along.
Overall
$PLUME : Cautiously bullish for very short-term trades only — not the time to go all-in.
*Entry would be much safer on a pullback to key support at 0.01751 (24h low) or around MA10 (~0.01698). Jumping in now after a 5.9% pump with negative funding feels risky.
*Stop-loss: entry at 0.0177 → stop at 0.01717.
*Targets
$PLUME - First: 0.01927 (24h high).
- Stretch goal: Bollinger upper band at 0.02192 (~18% potential), but that would need serious volume and a real market shift to happen.
Quick heads-up: signals are mixed (strong KDJ/MACD vs. negative funding, low volume, spot selling), so risk is high.
What do you guys think about PLUME at this point? 🚀
#plume #PLUMEUSDT