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🔥$PUMP Bullish Trend
The K-line shows a series of strong green candles, followed by recent hesitation (small bodies, long wicks), indicating exhaustion of momentum. The latest candles also show lower highs, hinting at a slowdown in momentum.
The rally in the market over the past 24 hours (+24%) pushed the price to a resistance zone at 0.00323, and rejection at this point could lead to a rebound toward the support level of 0.00300 or lower at 0.00285.
The last hour candles show a decrease in trading volume during the recent rise, indicating weak bullish momentum — which suggests the possibility of a bearish divergence.
Futures: Large outflows in shorter timeframes (5 minutes: -2.53 million, 15 minutes: -2.92 million) indicate traders are closing long positions near their highs. Buy opportunity $PUMP
• Ideal entry point: 0.00295 - 0.0030 (near the support level and the 1H 10 moving average).
• Strong entry: Breaking above the resistance level of 0.003235 and holding above it with high trading volume may indicate continued upward movement toward the next resistance level at 0.003326.
• Stop-loss: 0.00286 if entering at 0.00295.
• Take profit $PUMP
• Main target: 0.00332
• Secondary target: R3=0.00346 if momentum continues.
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