PUMP had a GOD CANDLE (16%+ in marketcap, currently at $1.97B) last Sunday and many people rushed in while I stood by and red-flagged that whole surge as suspicious due to low volumes.And it turned out to be a fake-out which trapped many bulls around 0.6c.
So now, looking at the heatmap (last month's bit) there is a lot of reasons to drop further and even as low as mid-3cents.
Or #pump it to 0.9c.
Time will tell and more details on shorter timeframes in terms of a possible reversal to the upside, but the DAILY is still missing rising volume candles but I am expecting this to change as soon as the 6c mark is established as support.
With volumes, again, as we need to see real buyers coming back in, the OBV is showing flat action during the recent correction which is a positive.
4-hour chart next.
💙👽
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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.