$PUMP
AI Analysis: $PUMP/USDT
Entry Price: 0.00261–0.00268
Reasons to Buy:
1. Pattern Confirmation:
- The daily level has formed a "double bottom" reversal structure (neckline at 0.00278), bottom depth 0.00024 (0.00254-0.00278)
- Measure of increase = bottom depth × 1.618 = 0.00039 → Target Price 3 = 0.00254 + 0.00039 = 0.00293 (actual integer 0.00296)
2. Trend Structure:
- Weekly level breaks the descending trend line of 2024 (0.00296→0.00287 line), price stands above MA(50) 0.00265
- RSI(14)=58 (neutral to slightly bullish), MACD red bars expanding shows enhanced bullish strength
3. Market Sentiment:
- Price quickly recovers after liquidation, showing that bulls actively absorb selling pressure
- After a significant decrease in leverage, market selling pressure lightens
4. Indicator Validation:
- OBV indicator hits a 20-day high, showing capital inflow
- Futures open interest stabilizes and rebounds after a correction, reflecting the restoration of market confidence
- Funding rate +0.125% (positive for 5 consecutive days), on-chain data shows net outflow from exchanges of -12 million coins
Trading Logic:
- Gradual Position Building: Initial position at 0.00261 (Fibonacci support), add at 0.00268 (MA50), average price controlled at 0.00264
- Break Confirmation: Pay attention to follow-up opportunities after the price stabilizes above 0.00278, volume during the breakout needs to increase to 1.5 times the 5-day average
- Risk Control: Use a dynamic stop-loss strategy, move stop-loss up to 0.00268 after breaking 0.00278 to protect floating profits
This content is for reference only and does not constitute investment advice.