๐ด $PUMP looks Bearish Continuation Setup | Lower High Rejection in Play
๐ Trade Setup
Short Entry: 0.00224 โ 0.00235
Stop Loss: 0.00254
TP1: 0.00203
TP2: 0.00191
TP3: 0.00159
๐ Market Structure
Price remains in a clear downtrend across 4H & 1H.
Consistent lower highs + lower lows with weak relief bounces.
Recent move shows: โข Sharp rejection from 0.00335 โ heavy sell pressure
โข Breakdown below 0.00260 support โ structure flipped bearish
โข Current bounce = corrective, not reversal
Sellers still controlling momentum.
๐ Technical Levels
โข Resistance: 0.00235 โ 0.00245 (supply zone / breakdown area)
โข Invalidation: 0.00254 (structure shift if broken)
โข Support: 0.00203
โข Major support: 0.00191
โข Extension target: 0.00159
Order book slightly ask-heavy โ adds downside pressure โ ๏ธ
๐ฏ Outlook
Bias stays bearish while below 0.00245โ0.00254.
Any bounce into resistance likely sells off.
Continuation toward deeper liquidity zones looks probable ๐
Disclaimer: Manage risk and size responsibly.
