🚀 PUMP/USDT Price Action Analysis – 5-Min Chart Insight

PUMP is showcasing an explosive movement, gaining over 965% within a short window. The 5-minute chart reflects high volatility with a sharp spike from $0.0045 to a peak of $0.007268, followed by a correction down to the $0.0053 zone.

📉 Price Correction Phase
After hitting the top, the price faced selling pressure, pulling back to the mid-range of the Bollinger Bands. This could be a consolidation before the next move, but indicators like Parabolic SAR and RSI hint at a short-term bearish bias.

🔍 Key Indicators (Observation Based):

RSI fell below 30 → Signaling oversold territory.

KDJ J line turned negative → Suggesting potential downward momentum.

OBV dropped sharply → Signaling distribution and potential buyer exhaustion.

Volume spikes showed clear pump activity.

📌 What Traders Should Watch:

A bounce from the $0.0050–$0.0053 support zone could lead to a quick retest of $0.0063–$0.0072.

Breakdown below $0.0050 might trigger further selling pressure.

Always wait for confirmation with volume before taking positions.

🧠 Conclusion:
PUMP is volatile, and while the upside momentum was strong, the current indicators are flashing caution. Short-term scalping with proper risk management might be ideal for experienced traders.

⚠️ This is not financial advice. Always do your own research before trading.

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