PUMP is a good entry; price is at new weekly highs above August peak with strong 3-week performance, supported by pump.fun's high profits and token buyback/burn mechanics.
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Can we take a look at Pump? Do you think it's too late to enter?
Pump stock looks very good. This is on the weekly timeframe. It is setting a new high, higher than the August peak, which also served as a benchmark for me.
If there is any stock that is trading above that initial upward surge we saw in August, about a month ago when we achieved our first major breakout, any stock that is currently trading above that level on the weekly timeframe, it is likely to be a good choice.
Because all the stocks that perform well show a continuation of that previous upward trend. There are many stocks that bounced back and then failed to stabilize. Pump stock is one of the stocks that has recovered .
Its performance is not as good as some other stocks, but it is good. It has performed strongly for three consecutive weeks, and is above the average closing price for August. Therefore, it is perfectly suitable. It meets the requirements.
In addition , we know that among the platforms that generate huge profits is pump.fun. I mean, sometimes their profits exceed those of highly liquid trading platforms in a given week , so pump.fun shouldn't be ignored .
It is a very powerful platform . Yes, despite its widespread popularity, believe it or not, it meets many of the criteria that Chris often talks about regarding real-world use cases.
Well, technically speaking, it has this feature because people want to create content, and you can use pump.fun. Real revenues support this. Hmm, I'm not entirely sure, I don't recall the details of the digital tokens' economics right now, but don't they do buybacks and burns?
Yes, correct? Yes, not as good as Hyperliquid, but they do. Okay. So, yes. So, it meets these requirements.
What this channel has said about $PUMP
Real Vision has only this one call on this stock.