📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
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📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
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📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
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From a chart analysis technical perspective, the previous high point has already experienced false breakouts this afternoon, regardless of whether it was due to favourable information or technical reasons, equivalent to triggering the stop losses of the previous liquidity, which will also trap a batch of conditional breakout long orders. By now, those breakout long orders above must have been trapped. Whether the market maker will give them a breakeven opportunity is something everyone needs to consider. The second point is that most people are looking at a bull run, meaning that when market sentiment is high, we need to approach it with more rationality.
Currently, I personally hold a short order and remain bearish. If the short order effectively breaks below 2440, then the target below is temporarily set at 2290-2310. There is no need to stick to such precise points; this is the current overall direction.
Personal opinion, for reference only. If my strategy and analysis help everyone make money, I hope everyone will come to my live room to trade together.