Pay close attention to the trap that $PYTH just set on lower timeframes. After the quick flush from $0.08874, the price plunged to $0.07032, only to sweep the stop losses of impatient buyers and trap those who entered short too late.
The key here is that the drop stopped just before breaking below the daily MA25 ($0.06932), keeping the macro trend intact. Right now, trading in the $0.07338–$0.07345 range, the 1-hour chart has already confirmed a change of character (CHoCH) by reclaiming the MA7 ($0.07242) and the MA25 ($0.07248). This reclaim opens the door to a quick “V-shaped” bounce toward the 1-hour MA99.
Here’s the operational game plan, laid out nice and clear:
🔹 Asset: $PYTH (PYTH/USDT pair)
🟢 MAIN PLAN (LONG ON CHOCH AND V-SHAPED RECOVERY):
Entry Zone: $0.07300–$0.07350 USDT (Entry at the current price above the short-term MA crossover)
Stop Loss (SL): $0.06980 USDT (Protected below the $0.07032 wick and the daily MA25)
TP1 (1 Hour): $0.07670 USDT (Immediate resistance and confluence with the 1H MA99)
TP2 (2 to 3 Hours): $0.08000 USDT (Psychological level and 4H liquidity block)
TP3 (4 Hours+): $0.08300 USDT (Retest of the base formed before the drop)
🛡️ RISK MANAGEMENT:
1% Rule: Adjust your position size so that, if the Stop Loss ($0.06980) is hit, your loss does not exceed 1% of your capital under any circumstances.
Immediate Stop Loss: Place your protective order at $0.06980 USDT as soon as you open the position.
Secure at Break-Even: When price reaches TP1 ($0.07670), sell half (50%) to lock in profits and move the Stop Loss on the remaining half to your entry point, letting the trade run risk-free.
The absorption after the wick shows that institutional interest is defending the daily zone. Do you see $PYTH quickly heading for $0.08000, or do you think it will consolidate a little longer in this range?
Share your take in the comments and let’s discuss! 💬👇
The key here is that the drop stopped just before breaking below the daily MA25 ($0.06932), keeping the macro trend intact. Right now, trading in the $0.07338–$0.07345 range, the 1-hour chart has already confirmed a change of character (CHoCH) by reclaiming the MA7 ($0.07242) and the MA25 ($0.07248). This reclaim opens the door to a quick “V-shaped” bounce toward the 1-hour MA99.
Here’s the operational game plan, laid out nice and clear:
🔹 Asset: $PYTH (PYTH/USDT pair)
🟢 MAIN PLAN (LONG ON CHOCH AND V-SHAPED RECOVERY):
Entry Zone: $0.07300–$0.07350 USDT (Entry at the current price above the short-term MA crossover)
Stop Loss (SL): $0.06980 USDT (Protected below the $0.07032 wick and the daily MA25)
TP1 (1 Hour): $0.07670 USDT (Immediate resistance and confluence with the 1H MA99)
TP2 (2 to 3 Hours): $0.08000 USDT (Psychological level and 4H liquidity block)
TP3 (4 Hours+): $0.08300 USDT (Retest of the base formed before the drop)
🛡️ RISK MANAGEMENT:
1% Rule: Adjust your position size so that, if the Stop Loss ($0.06980) is hit, your loss does not exceed 1% of your capital under any circumstances.
Immediate Stop Loss: Place your protective order at $0.06980 USDT as soon as you open the position.
Secure at Break-Even: When price reaches TP1 ($0.07670), sell half (50%) to lock in profits and move the Stop Loss on the remaining half to your entry point, letting the trade run risk-free.
The absorption after the wick shows that institutional interest is defending the daily zone. Do you see $PYTH quickly heading for $0.08000, or do you think it will consolidate a little longer in this range?
Share your take in the comments and let’s discuss! 💬👇