$PYTH is down 7% and sitting right near the bottom of its 24h range
Chasing a green candle means you are buying from someone who trapped themselves higher up
Look at the math on $PYTH right now with volume sitting at 0.7x the weekly average
Price is at $0.06190 which is just 11% above the 24h low of $0.06126
The seller unloading onto late buyers at these levels is usually an early long trying to salvage what is left
Volume is drying up so there are no fresh bids coming in to absorb that weight
You end up holding the bag while they exit their loss
Always wait for the flush to finish before you even look at a chart
What is your go to filter for fake pumps
#PYTH #TradingTips
Chasing a green candle means you are buying from someone who trapped themselves higher up
Look at the math on $PYTH right now with volume sitting at 0.7x the weekly average
Price is at $0.06190 which is just 11% above the 24h low of $0.06126
The seller unloading onto late buyers at these levels is usually an early long trying to salvage what is left
Volume is drying up so there are no fresh bids coming in to absorb that weight
You end up holding the bag while they exit their loss
Always wait for the flush to finish before you even look at a chart
What is your go to filter for fake pumps
#PYTH #TradingTips