📉 From Hype to Harsh Reality: Why Eugene Ng Just Cut Losses on $PUMP 💥
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:
🔻 “My strategy no longer works here—it’s time to move on.”
🚨 Despite entering after the hype cooled, the token’s failure to hold above 0.004—a key level tied to its oversubscribed ICO—has triggered heavy sell pressure. Most early buyers? Likely holding bags above $0.005.
Meanwhile…
💹 ETH is up 30% in a week, while $PUMP has dropped 25%.
📉 That contrast is brutal—and explains why smart traders are cutting dead weight.
Ng’s exit is a reminder:
🧠 Don’t marry your bags.
📊 If the setup’s broken, respect the chart—not your emotions.
💬 What do you think? Is a comeback story waiting to happen… or a lesson in hype fatigue?
