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$PUMP is showing a classic distribution pattern. After failing to sustain the $0.0022 level, the trend has shifted bearish, losing major Moving Average support .We are now eyeing the sell-side liquidity sitting below current levels.
Key Resistance: $0.00198 (MA retest)
Key Support: $0.00190
Look for a breakdown of the green support zone highlighted in the below picture.
THE SETUP (Short):
Entry: $0.00195 - $0.00198
Target 1: $0.00190
Target 2: $0.00168
Stoploss: $0.00210
Bearish Scenario: High volume rejection at the $0.0020 psychological level confirms the flush.
Bullish Scenario: A reclaimed 4H candle above $0.00205 invalidates this thesis.
Is this the final dip before a bounce, or are we heading to the $0.0016 floor? Drop your bias below! 👇
$PUMP