🔻 $PUMP /USDT – Short Setup After Sharp Rejection
$PUMP surged nearly +37% from the low of $0.002258 to $0.003271 but is now showing early signs of rejection near the 4H resistance zone and the MA(99), indicating a possible short-term pullback.
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📉 SHORT Entry Zone:
$0.00320 – $0.00309 (current rejection zone)
🎯 Take Profit Targets (TP):
1. $0.00296
2. $0.00278
3. $0.00260
4. $0.00240
5. $0.00225
🛑 Stop-Loss (SL):
$0.00338 (above 4H wick and MA(99) confluence)
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📊 Technical Notes:
Strong 4H resistance near MA(99) at ~$0.00382
RSI approaching overbought zone
Large single candle pump followed by rejection wick
Possible retest of moving averages as support
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📝 Note:
Watch for confirmation with bearish candle close under $0.00309. Avoid entering if price closes above $0.00330 with strong volume. Maintain tight SL due to volatility.
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