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Is $PUMP actually living up to its name or is this just a trap?
I’m looking at the daily and it’s a bit of a rollercoaster. We just had a nice spike towards 0.0020 but the sellers stepped in immediately. Now we’re sitting at 0.001808.
The interesting part is the support floor. Every time we dip near 0.0016 it gets bought up fairly quickly. But check the order book. Sellers are currently leading with about 52% of the pressure. It feels like the market is waiting for a reason to move.
If we can consolidate here and push back above 0.0019 we might see a real run. If not we’re probably going to test that 0.001567 low again to see if the buyers are still there.
Volume is decent at 31M USDT so at least it’s not a ghost town. Just being cautious because these "Seed" tags can be volatile as hell.
Watching the 4h candle close before making a move. Don't get caught in the noise.
#FoxPartnersWithKalshi