๐ From Hype to Harsh Reality: Why Eugene Ng Just Cut Losses on $PUMP ๐ฅ
Well-known trader Eugene Ng has officially exited his $PUMP position, citing a breakdown below the crucial $0.004 support. Once optimistic, Ng now admits:
๐ป โMy strategy no longer works hereโitโs time to move on.โ
๐จ Despite entering after the hype cooled, the tokenโs failure to hold above 0.004โa key level tied to its oversubscribed ICOโhas triggered heavy sell pressure. Most early buyers? Likely holding bags above $0.005.
Meanwhileโฆ
๐น ETH is up 30% in a week, while $PUMP has dropped 25%.
๐ That contrast is brutalโand explains why smart traders are cutting dead weight.
Ngโs exit is a reminder:
๐ง Donโt marry your bags.
๐ If the setupโs broken, respect the chartโnot your emotions.
๐ฌ What do you think? Is a comeback story waiting to happenโฆ or a lesson in hype fatigue?
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