$PUMP BTC BULLISH BREAKOUT AFTER FIBONACCI RETEST — LONG ENTRY SETUP
After an explosive +87% move, $PUMPBTC has entered a textbook Fibonacci retracement phase, pulling back from its high of 0.317491 to retest key support zones. The 50% retracement level around 0.19255 has held firmly, signaling strong buyer interest and potential continuation of the bullish trend.
Volume remains elevated, and the structure suggests a classic breakout-retest pattern. The wick rejection near the 0.08837 base confirms that the recent dip was absorbed efficiently, with no signs of distribution. Market cap and liquidity metrics support further upside, and the holder count continues to grow, indicating rising retail interest.
LONG ENTRY ZONE:
Above 0.195 on confirmed bullish candle close with volume confirmation.
TARGETS:
- TP1: 0.226
- TP2: 0.276
- TP3: 0.317 (previous high)
STOP LOSS:
Below 0.165 to protect against deeper retracement into invalidation zone.
RISK MANAGEMENT:
Use 2% max capital per trade. Adjust position size based on SL distance. Avoid overleveraging in volatile breakout zones.
