📈 PUMP/USDT – Long Setup on Structural Support | Fib & Gaussian Confluence
PUMP is currently experiencing a short-term rejection from local resistance, and has broken below the rising black trendline, now retesting it from the underside — a common bearish retest. Additionally, a short signal (red dot) has appeared on my MC indicator, confirming near-term selling pressure.
However, I see this as an opportunity to prepare for a high-probability long entry.
📍 Entry Zone: $0.0042 – $0.0043
This area aligns with:
Local structural support
The 0.618 Fibonacci retracement of the recent bullish impulse
The lower band of the Gaussian channel
📊 Take Profit Levels:
TP1: $0.00496 (0.382 Fibo)
TP2: $0.00532 (0.5 Fibo)
TP3: $0.00569 (0.618 Fibo)
🎯 This setup offers a strong confluence of technical signals and risk-reward structure for a potential continuation move upward. I’m monitoring closely for bullish confirmation within the buy zone before entering.
🧠 Not financial advice. Trade safe & good luck!
PUMP is currently experiencing a short-term rejection from local resistance, and has broken below the rising black trendline, now retesting it from the underside — a common bearish retest. Additionally, a short signal (red dot) has appeared on my MC indicator, confirming near-term selling pressure.
However, I see this as an opportunity to prepare for a high-probability long entry.
📍 Entry Zone: $0.0042 – $0.0043
This area aligns with:
Local structural support
The 0.618 Fibonacci retracement of the recent bullish impulse
The lower band of the Gaussian channel
📊 Take Profit Levels:
TP1: $0.00496 (0.382 Fibo)
TP2: $0.00532 (0.5 Fibo)
TP3: $0.00569 (0.618 Fibo)
🎯 This setup offers a strong confluence of technical signals and risk-reward structure for a potential continuation move upward. I’m monitoring closely for bullish confirmation within the buy zone before entering.
🧠 Not financial advice. Trade safe & good luck!
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.
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.