Did anyone else notice how $PUMP is quietly holding its breath?
Looking at the daily chart, we are currently at 0.001873 and it's looking a bit heavy. We’ve been rejecting that 0.0021 area for a while now and the price action is basically just bleeding slowly. The support around 0.001660 is the only thing keeping this from a total meltdown. If that local low breaks, we are going to see a much deeper correction. Volume is sitting around 24.95M USDT, which isn't terrible, but there’s clearly no aggressive buying yet. The order book is slightly tilted toward the bids at 53%, but it’s mostly just passive orders waiting for a dip. I’m not touching this until it either tests the 0.0016 zone properly or manages to close a daily candle back above 0.0020. Right now it’s just a chop city. #OilPricesSurge
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Did anyone else notice how $PUMP is quietly holding its breath?
Looking at the daily chart, we are currently at 0.001873 and it's looking a bit heavy. We’ve been rejecting that 0.0021 area for a while now and the price action is basically just bleeding slowly.
The support around 0.001660 is the only thing keeping this from a total meltdown. If that local low breaks, we are going to see a much deeper correction.
Volume is sitting around 24.95M USDT, which isn't terrible, but there’s clearly no aggressive buying yet. The order book is slightly tilted toward the bids at 53%, but it’s mostly just passive orders waiting for a dip.
I’m not touching this until it either tests the 0.0016 zone properly or manages to close a daily candle back above 0.0020. Right now it’s just a chop city.
#OilPricesSurge