Pentosh1: Closes $PUMP Trade After 2x Gains
Pentosh1 exits $PUMP position with over 2x returns from $0.001701 average after scaling from $0.028 area, citing ICO resistance near $0.04.
SourceAnalysis
Pentosh1 closed his entire $PUMP trade after securing more than 2x gains from the $0.001701 average entry plus the $0.028-0.03 scalp, noting the ICO price near $0.04 will likely slow momentum.
Price action on the 4h chart shows a bullish trend with price testing upper Bollinger resistance at $0.0 while RSI(14) sits at 76.71 in overbought territory and MACD registers a golden cross at 0.0; with price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $0.0 seems probable before further continuation.
Pentoshi
@Pentosh1Builder at Beam and Sophon, advancing decentralized technology solutions.