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#CryptoRegulationNewProgress $PUMP looks overheated and this is a clean opportunity to trade the pullback.
📌 TRADE SETUP: SHORT $PUMP
Entry: 0.00318 – 0.00325
Stop-loss: 0.00342
Targets:
• TP1: 0.00306
• TP2: 0.00292
• TP3: 0.00275
🔥 Rationale
PUMP just surged over 16% with massive volume, pushing price into a short-term overbought zone. RSI is already above 70, signaling buyer exhaustion, while MACD shows weakening momentum.
Price is pressing into a tight resistance area, and with funding and volume stretched, upside continuation becomes harder without consolidation.
Instead of chasing longs at highs, shorting near resistance offers tight risk control and a favorable risk-to-reward profile, targeting the natural mean-reversion move back into support.