Few $pump thoughts and trade ideas
Price has been building a base for 6 weeks now, currently consolidating within the base's value area
How pump trades likely depends on the wider market. So I'm keeping an open mind
I'd be interested in getting involved if price comes into POC depending on the reaction. Good reaction and will judge nearer the time
Alternative idea is if price giga nukes the lows --> reclaims VAL
Alternative idea x2 is if price breaks out of the value area and holds (daily/weekly close... general acceptance above, then bidding a pullback)
The pump flywheel is powerful. They've bought back $60m+ so far. If market heats up, so will their buy backs. Big potential for a home run trade on pump imo but timing it is important
$PUMP looks really interesting to me
It's shown great strength over the last month, looks like an accumulation base
We got a 2W inside bar too w a downside fake out
Not sure how I'm gonna play it yet but this chart v interesting
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