$PYTH #PYTH The long and short sides haven't fully committed yet, so don't chase recklessly from the middle.
Candlestick timeframe: 1h
My stance: Wait and see (I only trade with the trend; I don't fight the sentiment)
$PYTH #PYTH Execution: Wait for confirmation first; only increase the position once a key level is confirmed.
Key rationale: 1) PYTHUSDT is up 7.881% over 24h, with a current price of around 0.066090 and 24h trading volume of around 12.07M; 2) The primary timeframe and 4h timeframe have not formed confirmation in the same direction. 3) The 4h close moved from 0.065950 to 0.066120, current open interest is around 103.59M, and the funding rate is around 0.0050%.
Risk control: If the 1h price falls back below 0.066250, don't rush into a trade.
$PYTH #PYTH Closing note: The direction is clear; execution depends on discipline. For reference only; this is not investment advice.
Candlestick timeframe: 1h
My stance: Wait and see (I only trade with the trend; I don't fight the sentiment)
$PYTH #PYTH Execution: Wait for confirmation first; only increase the position once a key level is confirmed.
Key rationale: 1) PYTHUSDT is up 7.881% over 24h, with a current price of around 0.066090 and 24h trading volume of around 12.07M; 2) The primary timeframe and 4h timeframe have not formed confirmation in the same direction. 3) The 4h close moved from 0.065950 to 0.066120, current open interest is around 103.59M, and the funding rate is around 0.0050%.
Risk control: If the 1h price falls back below 0.066250, don't rush into a trade.
$PYTH #PYTH Closing note: The direction is clear; execution depends on discipline. For reference only; this is not investment advice.