$PYTH “Hey crypto fam, PYTH is flying today 👀 let’s break it down simply”
🔥 Momentum Very Strong
Momentum: Extended move, short-term reaction possible 📈
1️⃣ Market Reason:
PYTH surged 28% as Binance Square launched a reward campaign. Infrastructure narrative and strong volume pushed price aggressively higher.
2️⃣ Technical View:
Price trading around $0.0629 near 24H high 🛑
Immediate support: $0.0607–$0.0610
Stronger demand zone: $0.0570–$0.0548
Resistance: $0.0635–$0.0650
RSI(6) ~81 — overbought, risk of short-term pullback.
3️⃣ Trading Idea:
Watch $0.0607–$0.0610 for reaction 🔄
If buyers defend, target $0.0635–$0.0650
If rejection continues, dip possible toward $0.0570 zone
Pro Tip:
After strong pumps, avoid chasing highs. Let price confirm at support 🧠
#tradetime #TradingTales #tradingtechnique Trade
$PYTH here 👇