You watched that one red candle drop 45% in four hours and thought… is it over? Or is this just the beginning?
Here’s the uncomfortable truth: the chart is still bleeding, and the levels below are closer than they look.
Price is hovering around 0.021. The 4-hour picture shows a brutal, almost vertical collapse from 0.052 to 0.019 in under two days. When a coin loses half its value in 48 hours, the first bounce is rarely the floor.
The volume profile makes this trickier. The point of control sits way up near 0.060 — most of the money in $PYR entered at prices nearly three times higher than now. Nothing but air between here and that crowded zone. Air, and fear.
The daily chart confirms it. The 7-day average is falling faster than the 25-day, and RSI is pinned near 24. Extreme — but oversold can stay oversold in a downtrend.
The level I’m watching closest is 0.019. That’s the 24-hour low and the 4-hour objective zone. If $PYR can’t hold it, the next stop is the low 0.017s, maybe further. Invalidation is simple: a decisive 4-hour close above 0.022 shifts the short-term pressure. Until then, the path of least resistance is still down.
My read: a falling knife wearing a thin bandage. Without a reclaim of 0.022, the bounce is just noise. Risk sits squarely on the downside.
I’ll update as the 0.019 area gets tested — follow so you don’t miss how this resolves.
What’s your take on $PYR — watching the 0.019 floor or the 0.022 ceiling? 👇
Not financial advice. DYOR.
#PYR #Crypto #BinanceSquare #Altcoins
Here’s the uncomfortable truth: the chart is still bleeding, and the levels below are closer than they look.
Price is hovering around 0.021. The 4-hour picture shows a brutal, almost vertical collapse from 0.052 to 0.019 in under two days. When a coin loses half its value in 48 hours, the first bounce is rarely the floor.
The volume profile makes this trickier. The point of control sits way up near 0.060 — most of the money in $PYR entered at prices nearly three times higher than now. Nothing but air between here and that crowded zone. Air, and fear.
The daily chart confirms it. The 7-day average is falling faster than the 25-day, and RSI is pinned near 24. Extreme — but oversold can stay oversold in a downtrend.
The level I’m watching closest is 0.019. That’s the 24-hour low and the 4-hour objective zone. If $PYR can’t hold it, the next stop is the low 0.017s, maybe further. Invalidation is simple: a decisive 4-hour close above 0.022 shifts the short-term pressure. Until then, the path of least resistance is still down.
My read: a falling knife wearing a thin bandage. Without a reclaim of 0.022, the bounce is just noise. Risk sits squarely on the downside.
I’ll update as the 0.019 area gets tested — follow so you don’t miss how this resolves.
What’s your take on $PYR — watching the 0.019 floor or the 0.022 ceiling? 👇
Not financial advice. DYOR.
#PYR #Crypto #BinanceSquare #Altcoins