PUMP.FUN Elliott Wave Count
PUMP.FUN just launched their native token, and while it probably is garbage like most cash-grab alts, it does have potential to produce profits
For whatever reason, it is giving me a gut feeling like PEPE did when it first launched. PEPE did a 7,000% gain from debut to ATH – I don't think it is too unreasonable to expect around half of that from PUMP unless the company behind it all botches it
Data is limited because it just launched, but low timeframe EW analysis appears to suggest we are already hitting an impulsive wave 3
We may see some near-term corrective behavior still if the minuette degree wave (ii) isn't completed. But I still think we are heading into a wave (iii) of 3 of (3) which should be some of the most impulsive behavior we'll see
IMO, for me it was worth punting some cash into that I am already considering as "lost". This is how I cope with riskier bets.
