๐ $PUMP โ holding trendline support, breakout attempt still in play
After a prolonged downtrend and weeks of consolidation, $PUMP is showing signs of accumulation. Price continues to defend the rising trendline from recent lows while compressing beneath a cluster of moving averages.
๐ Technical view:
โข Higher lows are forming, creating an ascending support structure
โข Price is testing the MA cluster around 0.00178โ0.00181
โข A breakout above nearby resistance could trigger momentum buying
โข Volume remains stable, suggesting accumulation rather than distribution
โข As long as the trendline holds, bulls maintain a short-term advantage
๐ก LONG idea ๐
๐ฏ Entry zone: 0.00167 โ 0.00171
๐ฏ Targets:
โ 0.00181
โ 0.00187
โ 0.00195+ if momentum expands
โ๏ธ Stop-loss: below 0.00160
๐ The key level to watch is the 0.00178โ0.00181 resistance area. A clean push above it could open the door for a move toward the next liquidity zones, while holding the rising trendline keeps the bullish setup intact. ๐๐
#pump #PUMPUSDT
After a prolonged downtrend and weeks of consolidation, $PUMP is showing signs of accumulation. Price continues to defend the rising trendline from recent lows while compressing beneath a cluster of moving averages.
๐ Technical view:
โข Higher lows are forming, creating an ascending support structure
โข Price is testing the MA cluster around 0.00178โ0.00181
โข A breakout above nearby resistance could trigger momentum buying
โข Volume remains stable, suggesting accumulation rather than distribution
โข As long as the trendline holds, bulls maintain a short-term advantage
๐ก LONG idea ๐
๐ฏ Entry zone: 0.00167 โ 0.00171
๐ฏ Targets:
โ 0.00181
โ 0.00187
โ 0.00195+ if momentum expands
โ๏ธ Stop-loss: below 0.00160
๐ The key level to watch is the 0.00178โ0.00181 resistance area. A clean push above it could open the door for a move toward the next liquidity zones, while holding the rising trendline keeps the bullish setup intact. ๐๐
#pump #PUMPUSDT