$PYTH #PYTH 📉
Direction: SHORT 📉
Entry zone: 0.0626 to 0.0628
Stop loss: 0.0636
Target 1: 0.0614
Target 2: 0.0605
Pyth is trading near 0.0627 dollars, down 6.33 percent in 24 hours, inside a range of 0.0627 to 0.0669. My reading is that sellers broke the range and are holding the low, because the recent closes stepped down into the floor, 0.0638, then 0.0640, then 0.0639, then 0.0627, which is a fresh breakdown, not a dip buyers are defending. 📉 A short from the current zone, with a stop above 0.0636, targets 0.0614 first and then 0.0605 if selling continues. A recovery above 0.0636 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Pyth fall to 0.0614 first, or recover above 0.0636? 🤔
Follow for more trades.
#Pyth #Crypto #FuturesTrading #TradingSignals
Direction: SHORT 📉
Entry zone: 0.0626 to 0.0628
Stop loss: 0.0636
Target 1: 0.0614
Target 2: 0.0605
Pyth is trading near 0.0627 dollars, down 6.33 percent in 24 hours, inside a range of 0.0627 to 0.0669. My reading is that sellers broke the range and are holding the low, because the recent closes stepped down into the floor, 0.0638, then 0.0640, then 0.0639, then 0.0627, which is a fresh breakdown, not a dip buyers are defending. 📉 A short from the current zone, with a stop above 0.0636, targets 0.0614 first and then 0.0605 if selling continues. A recovery above 0.0636 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Pyth fall to 0.0614 first, or recover above 0.0636? 🤔
Follow for more trades.
#Pyth #Crypto #FuturesTrading #TradingSignals
