$PUMP Long Liquidation Update: $6.959K at $0.00392
A strong long liquidation has hit PUMP, showing that many traders were forced to close their long positions around $0.00392. This move usually happens when the market washes out weak hands — and often sets the stage for a potential reversal or bounce if strong buyers step in.
Let’s break it down step by step 👇
Market Sentiment
The liquidation suggests that long traders were caught off guard, and the market flushed out leveraged positions. This kind of shakeout often clears the path for a more natural recovery.
If price stabilizes above the liquidation zone, a short-term bullish reversal may follow. But if it breaks below, more downside could come first.
$ENA Next Possible Move
After the liquidation, PUMP may retest the $0.0038–$0.0040 range for stability. If buyers hold this level with good volume, we could see a rebound toward the next resistance zones.
If selling pressure continues and breaks below $0.0038, the market could turn slightly bearish in the short term before finding a new base.
Buy Zone (Accumulation Area)
👉 Buy Zone: $0.00375 – $0.00390
This area is good for careful entries if the price shows strength or bullish candles forming. It’s close to the liquidation zone, where reversals often begin.
Target Levels
🎯 Target 1: $0.00425
🎯 Target 2: $0.00455
🎯 Target 3: $0.00485
If momentum increases, we could even see a push toward $0.0050 in the coming sessions.
Stop Loss
🛑 Stop Loss: $0.00365
Place your stop just below this level to limit risk in case of a deeper pullback.
Conclusion
The PUMP long liquidation shows short-term weakness, but it can create a great setup for smart buyers. Watch how the price behaves near $0.0039 — if it holds, a strong rebound could follow. Always use proper risk management and avoid heavy leverage until the trend confirms direction.
#pump