$PYTH is showing a bearish shift as sellers continue to pressure the market after a sharp daily decline.
The current structure favors downside continuation, but an oversold bounce could appear before sellers resume control. That makes the retest zone especially important.
EP
0.04820 - 0.04900
TP
TP1 0.04450
TP2 0.04100
TP3 0.03700
SL
0.05060
PYTH is trading in a market environment where broken support may now function as overhead supply. The setup focuses on whether price can reclaim that area or gets rejected beneath it. A weak bounce with declining volume would suggest that buyers are only covering short-term positions rather than building genuine demand. If selling resumes from resistance, liquidity below the recent low could become the next destination. A decisive reclaim above the stop would invalidate the bearish setup.
Let's go $PYTH
#BankOfKoreaHikesRatesTo3% #XRPLeadsCryptoPullbackDropsNearly7% #DollarPostsBiggestGainInNearlyFourWeeks #NvidiaRises4%OnRevenueBeat #IranSaysHormuzOmanDealNotFinalized
The current structure favors downside continuation, but an oversold bounce could appear before sellers resume control. That makes the retest zone especially important.
EP
0.04820 - 0.04900
TP
TP1 0.04450
TP2 0.04100
TP3 0.03700
SL
0.05060
PYTH is trading in a market environment where broken support may now function as overhead supply. The setup focuses on whether price can reclaim that area or gets rejected beneath it. A weak bounce with declining volume would suggest that buyers are only covering short-term positions rather than building genuine demand. If selling resumes from resistance, liquidity below the recent low could become the next destination. A decisive reclaim above the stop would invalidate the bearish setup.
Let's go $PYTH
#BankOfKoreaHikesRatesTo3% #XRPLeadsCryptoPullbackDropsNearly7% #DollarPostsBiggestGainInNearlyFourWeeks #NvidiaRises4%OnRevenueBeat #IranSaysHormuzOmanDealNotFinalized