🚀 #pump or #fakeout ? Let's figure it out!
On the chart $BTC , we saw a sharp jump to $119,300, which looked like a local pump. But what next?
🔎 Facts:
After the jump — a sharp drop and breaking MA(7)
RSI is falling — momentum is fading
Volumes are also decreasing
This looks less like a real pump and more like a quick liquidity grab before a correction. In other words, someone “pushed the price up,” collected the stops, and exited. 🎣
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🧠 What to do?
Don't enter a pump when it has already happened
Wait for confirmation on larger timeframes
Remember: a real pump is supported by volume, not just one green candle
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⚡️ "A pump is not a call to buy, it's a trap for those who don't read the chart."