$PUMP has once again fallen below the issue price, with the price approaching the Bonk support level. At this moment, the only ones holding strong are the "loyal holders" who firmly believe that the project team will support the price.
Market rumors suggest that the project team may buy in at the bottom before pushing the price up, but why not wait until the trend is completely clear before entering the market?
Currently, the technical indicators, trading volume, and candlestick patterns have not released any signals for a rebound. Betting on a rebound at this time is akin to licking blood from a blade. An investor who attempted to bottom-fish for a 10% profit has already incurred over 10% losses due to short-term trading.
There are still two potential rebound windows:
First, if the pump successfully lists on the Binance spot trading pair, the moment the announcement is made could be a good opportunity to exit;
Second, as this is the second break of the issue price, the current price has refreshed the previous low and the trend is weak. Although it may briefly pull back to the $40 area in the short term, after the third and fourth breaks below the issue price, the number of investors willing to buy near the public offering price will significantly decrease.
Li Ge will notify fans as soon as he finds a suitable entry point, so continue to pay attention!!!
