$PYTH #PYTH Don’t keep forcing a bottom call if the rebound won’t move— the short side’s momentum hasn’t been fully released yet.
Candle timeframe: 1h
My bias: slightly bearish (only trade in line with the trend; don’t fight emotions head-on)
$PYTH #PYTH Execution: sell short on the rebound; wait for key levels to be confirmed before adding to the position.
Core reasons: 1) PYTHUSDT 24h price change: -5.518%; current price around 0.048290; 24h trading volume about 28.94M; 2) the 1h close dropped from 0.048620 to 0.048290—the main cycle is still weakening. 3) the 4h close fell from 0.049810 to 0.048290; current open interest is about 159.37M; funding rate is about 0.0050%—the pullback looks more like an opportunity for the shorts.
Risk control level: if the 1h price reclaims above 0.048680, the bearish bias is invalid.
$PYTH #PYTH End: the direction is set—execute with discipline. For reference only and not investment advice.
Candle timeframe: 1h
My bias: slightly bearish (only trade in line with the trend; don’t fight emotions head-on)
$PYTH #PYTH Execution: sell short on the rebound; wait for key levels to be confirmed before adding to the position.
Core reasons: 1) PYTHUSDT 24h price change: -5.518%; current price around 0.048290; 24h trading volume about 28.94M; 2) the 1h close dropped from 0.048620 to 0.048290—the main cycle is still weakening. 3) the 4h close fell from 0.049810 to 0.048290; current open interest is about 159.37M; funding rate is about 0.0050%—the pullback looks more like an opportunity for the shorts.
Risk control level: if the 1h price reclaims above 0.048680, the bearish bias is invalid.
$PYTH #PYTH End: the direction is set—execute with discipline. For reference only and not investment advice.