PUMP remains inside a broader descending structure, and the recent move into the highlighted zone has been met with clear resistance.
Price tapped into a key supply / fib confluence area (0.618–0.786) and failed to break above, forming a lower high. This confirms that sellers are still defending the trend.
With price now drifting lower and sitting above a fragile support, a breakdown from the 0.00159–0.00146 zone could trigger continuation toward deeper levels.
Unless PUMP reclaims and holds above the resistance zone, this remains a bearish continuation setup, not a reversal.
Price tapped into a key supply / fib confluence area (0.618–0.786) and failed to break above, forming a lower high. This confirms that sellers are still defending the trend.
With price now drifting lower and sitting above a fragile support, a breakdown from the 0.00159–0.00146 zone could trigger continuation toward deeper levels.
Unless PUMP reclaims and holds above the resistance zone, this remains a bearish continuation setup, not a reversal.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.