$PYTH
— Local setup for a long position
Entry zone: 0.08305 – 0.0762
Targets (Take Profit): 0.08456 / 0.08836 / 0.09056
Scenario invalidation (Stop Loss): 0.07355
Analysis and entry rationale:
On the lower timeframes, we’re seeing a change in the character of the price movement (ChoCh) and the formation of a bullish structure.
The key factor is that the price has dropped to the hourly breaker block (1\text{H Breaker Block}), which acts as a support zone. A pool of buyer-side liquidity (BSL) has formed above, acting as a magnet for the price.
I expect a reaction from the OB/BB zone and a continuation of the upward momentum.
#PYTHUSDT📈 #trading #crypto
— Local setup for a long position
Entry zone: 0.08305 – 0.0762
Targets (Take Profit): 0.08456 / 0.08836 / 0.09056
Scenario invalidation (Stop Loss): 0.07355
Analysis and entry rationale:
On the lower timeframes, we’re seeing a change in the character of the price movement (ChoCh) and the formation of a bullish structure.
The key factor is that the price has dropped to the hourly breaker block (1\text{H Breaker Block}), which acts as a support zone. A pool of buyer-side liquidity (BSL) has formed above, acting as a magnet for the price.
I expect a reaction from the OB/BB zone and a continuation of the upward momentum.
#PYTHUSDT📈 #trading #crypto