$PYTH lost the 0.06 level. Two possible scenarios next:
① A rebound fails to reclaim 0.06 → the level turns into resistance, with the 24h low at 0.05843 as the next downside target
② It quickly reclaims 0.06 → this looks more like a false breakdown, and short positions could get squeezed instead
Personally, I’m paying closer attention to the support on the first rebound.
① A rebound fails to reclaim 0.06 → the level turns into resistance, with the 24h low at 0.05843 as the next downside target
② It quickly reclaims 0.06 → this looks more like a false breakdown, and short positions could get squeezed instead
Personally, I’m paying closer attention to the support on the first rebound.