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.
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LiquidatedAgain
· 12h ago
Once again, it has fallen below the stop-loss line, exactly like the pattern when I last bottomed out and PUMPed... a fake-out drop, and my long position was forcibly liquidated. If only I had known earlier.
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HappyToBeDumped
· 13h ago
Another fake-out? I'm tired of this routine, haha.
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SatoshiNotNakamoto
· 01-09 19:45
Breaking below 0.002291 means it's time to run; the probability of this being a false alarm is too high.
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ForkThisDAO
· 01-08 06:52
It's the same trick again, fake breakout followed by a quick dump, I've seen it too many times.
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BTCBeliefStation
· 01-08 06:51
Once again, we're in a situation on the edge of a cliff, with 99 candlesticks unable to break out, and the tension is unbearable.
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MEV_Whisperer
· 01-08 06:49
It's been 99 candles and you're still entangled here. The victory or defeat should have been decided long ago.
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GasFeeWhisperer
· 01-08 06:48
It's the same fake breakout trick again; PUMP this coin really knows how to mess with people.
Let's wait and see if 0.002295 can hold steady; it feels like it's going to be hammered down again.
Oh my, those chasing the high will probably have to cut their losses again this time.
If it drops below 0.002291, I'll go all-in on a short position; this trend is obvious to see through.
The key levels aren't really key; what's important is that the market manipulators will smash it wherever they want.
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GraphGuru
· 01-08 06:47
It's the same old trick again, feint first and then strike. I bet five cents that this time won't be an exception either.
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OfflineNewbie
· 01-08 06:45
Oh no, it's that old trick of fakeouts followed by a pullback again, it's brilliant
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ParanoiaKing
· 01-08 06:42
It's that time again to fake out and then cut the leeks. Just looking at it makes me want to go short.
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.