$PYTH is up 48.51% in 30 days and still hasn't done the one thing that ends a move like this: lose yesterday's high.
It's running 42.3 points ahead of bitcoin over those 30 days. Volume over the last 5 days is 1.82x the 20 days before, so this isn't a thin drift. Daily RSI is 64, warm but not stretched.
Yesterday's high at $0.08035 broke and now acts as support. That's the whole trade for me. The screener scores it 9 out of 14, which is good, not perfect. The daily MACD histogram is still negative, so I won't pretend it's clean.
$PYTH trades at $0.08162 right now. If it holds $0.08035, I think it goes back at the 10-day swing high of $0.09082, 11.4% away. If it loses $0.08035, I'm wrong on this and there's nothing to defend. Anyone long gives back the whole breakout.
Holding $0.08035 or losing it?
follow me for more calls like this.
It's running 42.3 points ahead of bitcoin over those 30 days. Volume over the last 5 days is 1.82x the 20 days before, so this isn't a thin drift. Daily RSI is 64, warm but not stretched.
Yesterday's high at $0.08035 broke and now acts as support. That's the whole trade for me. The screener scores it 9 out of 14, which is good, not perfect. The daily MACD histogram is still negative, so I won't pretend it's clean.
$PYTH trades at $0.08162 right now. If it holds $0.08035, I think it goes back at the 10-day swing high of $0.09082, 11.4% away. If it loses $0.08035, I'm wrong on this and there's nothing to defend. Anyone long gives back the whole breakout.
Holding $0.08035 or losing it?
follow me for more calls like this.