$PUMP took the pre-market lows. But most importantly, it took the ICO price with a short-lived small deviation below. I personally like this setups and the fact that price rejected further downside. I’ve seen .4 as a gift and have added, although the bullish moment really comes when .5 is reclaimed again. My invalidation is either consistent ranging between .4 and .5 and failure to reclaim .5, or htf closing below ICO price. Quick reclaim of .5, and I add. Tbf it wasn’t great how price reacted after they put several millions on the chart. Market perceived it as forced. They should instead start buying back in a more structured way, proving that revenue coming in is going back into the chart. No need for announcement, just show structure and consistency. When even believers seek revenge and start shorting it, that’s when the real run starts. Maybe it’s more of a slow cook than I thought. Ironic, given the luck-seekers dopamine-chasing markets they’ve created.
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