The $2.09K long liquidation at $0.00391 indicates leveraged longs were forced out near the upper part of the recent move. With PUMP showing elevated volatility, a rejection from resistance could trigger a deeper pullback.
Entry Zone: $0.00395 – $0.00410
Stop Loss: $0.00424
Take Profit:
TP1: $0.00382
TP2: $0.00368
TP3: $0.00352
Support: $0.00380 / $0.00365
Resistance: $0.00405 – $0.00415
Trade Map: Look for bearish rejection and weakening buying volume around the entry zone rather than entering during a strong breakout candle.
Invalidation: A sustained move above $0.00424 cancels the short setup.
Because PUMP can move sharply on liquidity sweeps, position size should remain conservative.
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