PUMPUSDT has been consolidating within a diamond chart pattern on the 4 hour timeframe, following a prolonged downtrend. This type of structure signals potential reversal when occurring after a decline.
Diamond Formation: Price is compressing inside converging and diverging trendlines, creating a symmetrical diamond pattern.
Volume Profile Support: Significant volume support is visible in the $0.00240–$0.00250 range, which may act as a strong demand zone.
EMA Resistance: 50 EMA is currently positioned above the price, serving as dynamic resistance.
Breakout Potential: A breakout above the diamond resistance, especially with increased volume, could target the $0.005 –$0.007 zone, representing a major upside move.
Cheers
Hexa
PUMP 
PUMPUSDT
Diamond Formation: Price is compressing inside converging and diverging trendlines, creating a symmetrical diamond pattern.
Volume Profile Support: Significant volume support is visible in the $0.00240–$0.00250 range, which may act as a strong demand zone.
EMA Resistance: 50 EMA is currently positioned above the price, serving as dynamic resistance.
Breakout Potential: A breakout above the diamond resistance, especially with increased volume, could target the $0.005 –$0.007 zone, representing a major upside move.
Cheers
Hexa
PUMP PUMPUSDT
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.