$PYTH Pushing this up to here, it feels like it can’t be pushed further
The price is just touching the Bollinger Upper Band around 0.05096. After several consecutive attempts to break higher, it keeps getting pushed back, suggesting that sell orders are starting to cluster at this level. The MACD red histogram is still positive, but its strength is clearly weakening. The fast and slow lines are flattening in the high zone, and short-term momentum is fading. Volume also isn’t keeping up—rallies are coming with shrinking volume, and the willingness to chase higher is decreasing. If 0.051 can’t be reclaimed, the odds increase that it will pull back toward around 0.048.
Entry: 0.05047
Stop-loss: 0.05200
Take-profit: 0.04830
$PYTH - Short 🔻
Enter from below👇
The price is just touching the Bollinger Upper Band around 0.05096. After several consecutive attempts to break higher, it keeps getting pushed back, suggesting that sell orders are starting to cluster at this level. The MACD red histogram is still positive, but its strength is clearly weakening. The fast and slow lines are flattening in the high zone, and short-term momentum is fading. Volume also isn’t keeping up—rallies are coming with shrinking volume, and the willingness to chase higher is decreasing. If 0.051 can’t be reclaimed, the odds increase that it will pull back toward around 0.048.
Entry: 0.05047
Stop-loss: 0.05200
Take-profit: 0.04830
$PYTH - Short 🔻
Enter from below👇
