PUMP | Watching for Base Confirmation

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PUMP | Watching for Base ConfirmationPUMPUSDT SPOTBYBIT:PUMPUSDTGoldfinch_songThe sharp downtrend is showing signs of exhaustion as price starts to consolidate and build a potential range. If we see a sweep and reclaim of the range low, that would confirm the start of a new accumulation phase and signal a potential reversal. The invalidation for any long attempt is a confirmed breakdown below the deviation or the origin of the reclaim. Plan: Wait for a clean sweep and reclaim of the range low to trigger a long entry. Target resistance levels above, with stops set below the reclaim origin.