$PUMP #PUMP 📉
Direction: SHORT
Entry zone: 0.003827 to 0.003842
Stop loss: 0.003892
Target 1: 0.003758
Target 2: 0.003700
Pump.fun is trading near 0.003842 dollars, down 3.93 percent in 24 hours, inside a range of 0.003839 to 0.004165 dollars, and the recent closes show sellers in control with no real bounce, 0.003912, then 0.003867, then 0.003842, then 0.003867, then 0.003834. 🔴 My reading is that PUMP is one of the weakest coins in the market right now, because it lost almost 4 percent on 97.1 million dollars of volume while Bitcoin was flat, and it is pinned at the bottom of its range instead of recovering with any relief. A short from the current zone, with a stop above 0.003892, targets 0.003758 first and then 0.003700 if sellers push through the range low. A rise above 0.003892 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Pump.fun fall to 0.003758 first, or rise above 0.003892? 🤔
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#Pumpfun #Crypto #FuturesTrading #TradingSignals