📊 Quick Analysis of PLUME/USDT (1H Chart)
Current Price: $0.0998
24h Low → High: $0.0720 → $0.1035
24h Change: +38% 🚀
Volume: Quite strong (362M PLUME traded), showing big activity.
Pattern: A sharp pump from $0.072 → $0.103, followed by a small pullback. This looks like either:
A breakout rally, or
A pump-and-dump risk (because of the sudden spike).
---
🎯 Trade Setup (Short-Term)
Entry Point (Safe Re-entry):
$0.094–0.097 support zone (if price dips here, it can bounce).
Avoid chasing the top at $0.103.
Take Profit (TP):
1. TP1 → $0.105 (recent high – conservative exit)
2. TP2 → $0.112–0.115 (next resistance if momentum continues)
3. TP3 → $0.125 (only if heavy volume continues bullish).
Stop Loss (SL):
$0.088 (below last support)
Aggressive SL → $0.091 (tight risk).
---
⚠️ Major Points to Note
1. High Volatility: PLUME just pumped nearly 40% in 1 day → correction risk is high.
2. Strong Support: Around $0.072 (yesterday’s low) – if broken, trend turns bearish.
3. Resistance: $0.103–0.105 is a strong barrier → needs breakout with volume to go higher.
4. Momentum Indicators (MACD/Stoch RSI): Not shown on your chart, but given the vertical move, it’s overbought. Small correction is healthy.
5. Risk Factor: This coin may be in "pump coin" category → only trade with strict SL.
---
✅ Summary Trade Plan:
Best entry: wait for retracement around $0.094–0.097.
TP levels: $0.105 → $0.115 → $0.125.
SL: $0.088 (strict).