Been holding this gem since 0.0028, project has perfect tokenomics with team specialising on draining crypto degen-monkeys, investing profits from pump.fun platform into SPOT token buybacks, no sell-out has been started yet (and it won't be until new ATH).
So I expect at least x2 from current price range in the upcoming weeks with a rapid parabolic-like growth on the daily.
I used basic fibs to mark support/resistance levels, feel free to comment and suggest ideas/takes.
I cannot see a reason to search for any kind of any more advanced patterns because
PUMPUSDT is just starting to grow and the trend is mostly towards new price-discovery.
pump.fun has already facilitated over 5.3M token launches since early 2024, generating nearly $800M in revenue and even pulling off a $1.3B ICO in minutes. Current market cap sits above $1.7B with daily volume regularly crossing $200M — massive liquidity for a memecoin-born project. With ~350B tokens circulating (vs. 1T max), the room for valuation expansion is still huge.
So back to 'crypto degen monkeys' - don't become one, chose your exit points cleverly and avoid high margin (I know it might be tempting).
So I expect at least x2 from current price range in the upcoming weeks with a rapid parabolic-like growth on the daily.
I used basic fibs to mark support/resistance levels, feel free to comment and suggest ideas/takes.
I cannot see a reason to search for any kind of any more advanced patterns because
PUMPUSDT is just starting to grow and the trend is mostly towards new price-discovery. pump.fun has already facilitated over 5.3M token launches since early 2024, generating nearly $800M in revenue and even pulling off a $1.3B ICO in minutes. Current market cap sits above $1.7B with daily volume regularly crossing $200M — massive liquidity for a memecoin-born project. With ~350B tokens circulating (vs. 1T max), the room for valuation expansion is still huge.
So back to 'crypto degen monkeys' - don't become one, chose your exit points cleverly and avoid high margin (I know it might be tempting).
Trade active
Gotta break 0.00515 line today to begin derivative short-obliteration pump week. Let's go boys and gals Note
Excpecting leg up to 0.00575 rangeNote
Hold your shit together we are going to 0.007-ishDO NOT USE LEVERAGE
Trade closed: target reached
Okay this is my exit point. I am closing 75% of my position and waiting for a pullback to load up on some more of that sweet-sweet PUMP tokens. Overall 0.01 is a very plausible price for such a gem.
GL HF fellas
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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.