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PUMP coin's current trend is quite interesting. The latest price is 0.002293, down 7.91%, and it has been continuously running 99 consecutive 15-minute K-lines. From a technical perspective, the bearish trend is still ongoing, but it has reached a critical point.
Looking at the support levels, there are two lines below: 0.002266 and 0.002201. On the upside, resistance levels are more numerous; 0.002295, 0.002328, and 0.002399 are all worth paying attention to. Currently, the price is basically moving just below the trailing stop-loss line, making the situation quite tense.
To loosen the bearish pattern, a strong breakthrough above the 0.002295 resistance level is necessary, and it must stabilize there. If it only fakes out and then falls back, that would be an excellent shorting opportunity. Conversely, if the support at 0.002291 is broken, the subsequent decline could accelerate. The risk of chasing highs is indeed high, as a false breakout followed by a rapid pullback is often the most deadly.