2024PUMP (PUMP)

Lots of altcoins are starting to look attractive from a technical analysis point of view, especially those that are holding a higher low above their February low while Bitcoin itself has made a new low. To me, that signals that investors are shifting their approach.

Even on altcoins such as PUMP, which has made new lows, the bearish structure is showing signs of exhaustion. This can turn into a deviation after sweeping the liquidity below all those lows, resulting in a bullish EW count, breaking the bearish trendline, and triggering a short squeeze that sweeps liquidity above all those highs where the trend began around 0.0046–0.0060, followed by an intra-range correction before eventually pushing toward a new all time high.

I remember very well how the entire CT was bullish on PUMP even accounts I had never seen before were talking about it. At the time I saw that as a warning sign not to buy into the euphoria because the price would eventually drop again, and right now there's literally nobody talking abo