PUMPUSDT like I said.. leg up. An attempt to overtake ATH underway- will try to reach a penny and likely overshoot- much like PENGU . Literally repeating the same exact pattern.. i would not dream of shorting this at this stsge.
PUMPUSDT possible discounted pullback area entered supply zone, watching for price dynamics for who's in control? monthly close ahead, weekly candle giving clues, patience ..
PUMPUSDT.P there will likely be a retest below 0.005 if 0.006 isnt secured soon. A leg up is still coming. Tis the nature of this market… shorts are happy longs get destroyed.. then the game reverses. So managing risk is super important.
PUMPUSDT how to spot seller exhaustion? On lower TF, when the RSI made a higher low while price made a lower low, and when volumes get lower and lower… red candles become smaller.. it usually points to a bottoming out (at least locally)- if anyone is wondering when to enter long for example. Lol. Just fyi.
PUMPUSDT.P nothing is up- so u cant expect a rally imminent. This needs to form a floor. Patience. Consolidation taking place. After which, we either break up or down. We shall see where. I find it funny everyone is so used to the casino environment, no one can deal with a couple of down days. This Sunday was the mother of all liquidations… the dust needs to settle before moving forward. This is absolutely normal.
PUMPUSDT.P it’s all about capital management. Always have money on the side. I am not some pump lover, I dont have emotional attachment- we r all here to make money. I just did some simple math: 2 weeks ago, pump.fun had less than 5% of the supply in buybacks. Now, they have over 7%. If this continues (they still buy using 100% of their revenue daily), at some point, sellers get tired, and the price shoots up. I have time, I can wait, and can buy more at each leg down. The more, the merrier.