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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.