A 45% single-candle flush isn't a dip. It's a structural break. And when price slices through every level like they were never there, the only honest read is that lower targets are still in play.
$PYR just printed one of the ugliest 4H candles I've seen in weeks — straight through 0.044, 0.039, 0.031, closing near 0.021. RSI on the 4H is sitting at 12. That's not oversold; that's a market that stopped caring about support.
Price is trading 38% below its own 4H EMA7. That kind of dislocation either snaps back violently or bleeds slowly lower. With the heaviest volume zone up at 0.060, there's a lot of trapped supply overhead.
The one level I'm watching on $PYR is 0.022. If price can't reclaim it, the path points toward 0.019 — and below that, nothing but air. The invalidation for this bearish read is a 4H close back above 0.023.
My read: this chart is broken. Bounce attempts have been weak, and the speed of the drop suggests no real bid underneath yet. Risk sits firmly to the downside until price proves otherwise.
Tap $PYR to pull up the chart and see what that 45% candle did to the structure.
Which level are you trusting more right now — 0.019 or 0.023?
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#PYR #VulcanForged #Crypto #BinanceSquare
$PYR just printed one of the ugliest 4H candles I've seen in weeks — straight through 0.044, 0.039, 0.031, closing near 0.021. RSI on the 4H is sitting at 12. That's not oversold; that's a market that stopped caring about support.
Price is trading 38% below its own 4H EMA7. That kind of dislocation either snaps back violently or bleeds slowly lower. With the heaviest volume zone up at 0.060, there's a lot of trapped supply overhead.
The one level I'm watching on $PYR is 0.022. If price can't reclaim it, the path points toward 0.019 — and below that, nothing but air. The invalidation for this bearish read is a 4H close back above 0.023.
My read: this chart is broken. Bounce attempts have been weak, and the speed of the drop suggests no real bid underneath yet. Risk sits firmly to the downside until price proves otherwise.
Tap $PYR to pull up the chart and see what that 45% candle did to the structure.
Which level are you trusting more right now — 0.019 or 0.023?
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#PYR #VulcanForged #Crypto #BinanceSquare
