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📊 The current price of PUMP is $0.00303. Based on Technical Analysis, the trading strategy is as follows:
short-term strategy 🎯
The current RSI is about 60, in the neutral to strong area.
The 1-hour super trend shows a bullish signal, support level $0.002857
It is recommended to accumulate positions in batches in the range of $0.003020-0.003030.
Set the stop loss below $0.002980
The target level is looking towards the resistance level of $0.003070.
Medium-term view 📈
The daily RSI is only 26, indicating a severely oversold condition.
The daily super trend still shows bearish, a breakthrough of $0.004945 is needed to turn bullish.
The 24-hour increase is 5.37%, but the 7-day decline of 24.66% shows adjustment pressure.
Risk Warning ⚠️
The trading volume of $237M remains active, but attention should be paid to the breakout in volume.
Whales continue to increase their long positions, but overall market sentiment is cautious.
It is recommended to test with a light position and strictly manage stop-loss.
# $PUMP # #MLP#