PUMP/USDT (4H) is trading at 0.006365 after a vertical rally from the 0.0035-0.0039 demand zone. This is a re-entry on my previous short, which I closed manually at ~0.00644 before it hit the stop or any target.
⚠️ High-risk idea: this is a counter-trend trade against a strong impulse, so size small and always use a stop.
🔁 Why I'm re-entering
I closed the first short manually because price kept pushing higher without a clear rejection.
The idea behind the setup has not changed: price is extended and still sits far above the structure that supported the rally.
I'm re-entering slightly below my previous exit price, at 0.006365, so I'm not chasing the move higher.
📌 Context
The ascending trendline and the demand zones are far below current price, which shows how stretched the move is.
Several Fair Value Gaps (FVG) were left during the rally. Price often returns to fill them, which gives natural targets on the way down.
Two demand zones sit around 0.0045 and 0.0035-0.0039, where I expect buyers to defend.
Above, there is a supply zone at 0.0075-0.0079. My stop sits just above it, so the trade can absorb a further push up.
STC (12,26,50) is turning up from the lows, so short-term momentum is still bullish. That is the main risk here.
🎯 Trade Plan (Short)
Entry: 0.006365
TP1: 0.005126 (FVG fill zone)
TP2: 0.004722 (upper demand zone)
TP3: 0.003865 (origin of the move)
SL: 0.007863 (above the supply zone)
Risk/reward is roughly 0.8:1 to TP1, 1.1:1 to TP2 and 1.7:1 to TP3. I plan to take partial profits along the way and move the stop to breakeven after TP1.
⚠️ Invalidation
A 4H close above 0.007863 invalidates the idea. Parabolic moves can keep extending, so never short without a stop.
💬 Do you see exhaustion or continuation? Let me know in the comments.
This is only my personal analysis and not financial advice. Do your own research and manage your risk.
⚠️ High-risk idea: this is a counter-trend trade against a strong impulse, so size small and always use a stop.
🔁 Why I'm re-entering
I closed the first short manually because price kept pushing higher without a clear rejection.
The idea behind the setup has not changed: price is extended and still sits far above the structure that supported the rally.
I'm re-entering slightly below my previous exit price, at 0.006365, so I'm not chasing the move higher.
📌 Context
The ascending trendline and the demand zones are far below current price, which shows how stretched the move is.
Several Fair Value Gaps (FVG) were left during the rally. Price often returns to fill them, which gives natural targets on the way down.
Two demand zones sit around 0.0045 and 0.0035-0.0039, where I expect buyers to defend.
Above, there is a supply zone at 0.0075-0.0079. My stop sits just above it, so the trade can absorb a further push up.
STC (12,26,50) is turning up from the lows, so short-term momentum is still bullish. That is the main risk here.
🎯 Trade Plan (Short)
Entry: 0.006365
TP1: 0.005126 (FVG fill zone)
TP2: 0.004722 (upper demand zone)
TP3: 0.003865 (origin of the move)
SL: 0.007863 (above the supply zone)
Risk/reward is roughly 0.8:1 to TP1, 1.1:1 to TP2 and 1.7:1 to TP3. I plan to take partial profits along the way and move the stop to breakeven after TP1.
⚠️ Invalidation
A 4H close above 0.007863 invalidates the idea. Parabolic moves can keep extending, so never short without a stop.
💬 Do you see exhaustion or continuation? Let me know in the comments.
This is only my personal analysis and not financial advice. Do your own research and manage your risk.
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Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.