$PYTH #PYTH If the rebound can’t be held, don’t force a bottom-fishing entry; the bearish rhythm hasn’t been handed back yet.
Candlestick timeframe: 1h
My direction: slightly bearish (only trade with the trend, don’t fight emotions head-on)
$PYTH #PYTH Execution: short on rebounds, wait for key-level confirmation before adding position size.
Core basis: 1) PYTHUSDT 24h change -6.404%, current price around 0.053050, 24h trading volume around 20.85M; 2) the 1h close fell back from 0.053280 to 0.053050, and the main timeframe is still weakening. 3) the 4h close moved from 0.054700 to 0.053060, current open interest is about 172.69M, funding rate about -0.0797%, and the rebound looks more like an opportunity for bears.
Risk control level: if the 1h moves back above 0.053400, the bearish bias is invalidated.
$PYTH #PYTH Ending: the direction is clear, execution depends on discipline. For reference only, not investment advice.
Candlestick timeframe: 1h
My direction: slightly bearish (only trade with the trend, don’t fight emotions head-on)
$PYTH #PYTH Execution: short on rebounds, wait for key-level confirmation before adding position size.
Core basis: 1) PYTHUSDT 24h change -6.404%, current price around 0.053050, 24h trading volume around 20.85M; 2) the 1h close fell back from 0.053280 to 0.053050, and the main timeframe is still weakening. 3) the 4h close moved from 0.054700 to 0.053060, current open interest is about 172.69M, funding rate about -0.0797%, and the rebound looks more like an opportunity for bears.
Risk control level: if the 1h moves back above 0.053400, the bearish bias is invalidated.
$PYTH #PYTH Ending: the direction is clear, execution depends on discipline. For reference only, not investment advice.