【See Rise】
PYTH is currently reported at 0.0665, up 6.28% over the past 24 hours. The 7-day gain is 27.27%. The intraday range is 0.0615–0.0741, with a volatility of 20.6%.
【Market View】
In the past several 4-hour K-lines, the center of gravity has been steadily rising, and there are fairly clear signs that the bulls are controlling the market.
Around 0.0615 is the launch point of this leg of the uptrend, and the pullback to this area offers a decent risk-reward ratio.
When you put BTC’s +0.18% side by side, PYTH is clearly stronger than the market’s average level.
In the short term, the bias is bullish.
【Reasons for Bullishness】
A 24-hour gain of 6.28% combined with the volatility range of 0.0615–0.0741 means that, for now, the long side is in control.
The 0.0741 line has been tested repeatedly, and the bulls have no intention of backing off for the moment.
The risk is that after a short-term rally, profit-taking could happen at any time. Chasing gains may easily get you caught by a wick/spike.
In terms of strategy: set 0.0615 as the stop-loss, and look for upside room from a breakout above 0.0741.
$PYTH #PYTH
PYTH is currently reported at 0.0665, up 6.28% over the past 24 hours. The 7-day gain is 27.27%. The intraday range is 0.0615–0.0741, with a volatility of 20.6%.
【Market View】
In the past several 4-hour K-lines, the center of gravity has been steadily rising, and there are fairly clear signs that the bulls are controlling the market.
Around 0.0615 is the launch point of this leg of the uptrend, and the pullback to this area offers a decent risk-reward ratio.
When you put BTC’s +0.18% side by side, PYTH is clearly stronger than the market’s average level.
In the short term, the bias is bullish.
【Reasons for Bullishness】
A 24-hour gain of 6.28% combined with the volatility range of 0.0615–0.0741 means that, for now, the long side is in control.
The 0.0741 line has been tested repeatedly, and the bulls have no intention of backing off for the moment.
The risk is that after a short-term rally, profit-taking could happen at any time. Chasing gains may easily get you caught by a wick/spike.
In terms of strategy: set 0.0615 as the stop-loss, and look for upside room from a breakout above 0.0741.
$PYTH #PYTH
