#pump Technical Analysis

The PUMP that was previously scorned has risen, breaking the high point of 0.0072 since the contract went live, and many people are lamenting their missed opportunity.

However, in the theory of the three-pronged axe of trend by Cai Ge, breaking a new high is merely the beginning of the trend. If an effective breakout can occur, the subsequent space will have at least doubled, to 0.0144.

If it falls below the breakout neckline of 0.0072, it would be a false breakout, which is a lifeline. Even a piercing pullback would be considered a failure in the breakout formation.

Therefore, the strategy can be to buy low within the current volatility range, with a stop-loss set below 0.0072, and the target looking at 0.0144, adjusting the position according to the stop-loss range.