Most traders are watching whether $PUMP goes up or down.
I’m watching where the leverage is sitting.
This is why i am not chasing the current $PUMP move.
Price is sitting near $0.0048 with heavy liquidation liquidity stacked above and below.
The upper zone around $0.0050-$0.0054 looks especially interesting imo.
If price starts reclaiming it, shorts may get squeezed hard.
If $0.0048 fails first, the market could go hunting the lower liquidity.
Either way, there’s plenty of fuel.
Waiting to plan juicy R:R ahead.
Post #367
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