Heavy liquidations hit $PYR today, down 57% to $0.021000 on $0.75M volume.
A sharp sell-off of this magnitude demands patience rather than hasty bids. Stabilization requires volume to dry out and a higher low to form on lower timeframes before considering continuation.
If selling pressure persists and volume fails to taper near current marks, further downside extension remains a risk. Conversely, a sustained hold above $0.021000 with declining sell velocity offers the first footprint of accumulation for PYR.
Where do you draw the line between a healthy flush and a broken structure? Tap PYR below to inspect the live chart
Tap $PYR for the live chart. #PYR #BinanceSquare
A sharp sell-off of this magnitude demands patience rather than hasty bids. Stabilization requires volume to dry out and a higher low to form on lower timeframes before considering continuation.
If selling pressure persists and volume fails to taper near current marks, further downside extension remains a risk. Conversely, a sustained hold above $0.021000 with declining sell velocity offers the first footprint of accumulation for PYR.
Where do you draw the line between a healthy flush and a broken structure? Tap PYR below to inspect the live chart
Tap $PYR for the live chart. #PYR #BinanceSquare