$PYTH Golden support zone. If you’re looking to buy, this is the best opportunity 👀
The coin is trading at an annual level, with 0.05580 being the previous annual close. We also have VWAP below, from the 0.037 low, and the golden Fibonacci zone at 0.618 from that same low. It’s also trading in an area where price has reacted more than once before. This is a buy trade for me.
🟢 Entry: 0.05700 – 0.05500
🎯 TP1: 0.06100
🎯 TP2: 0.06600
🎯 TP3: 0.07250
🛑 Stop: Candle close below 0.05000
I entered on higher timeframes, so I want to hold this trade longer and give it more room to move. But if it breaks below 0.05000, it could fall further, and in that case I’ll start cutting the trade.
$PYTH 👇 👀
The coin is trading at an annual level, with 0.05580 being the previous annual close. We also have VWAP below, from the 0.037 low, and the golden Fibonacci zone at 0.618 from that same low. It’s also trading in an area where price has reacted more than once before. This is a buy trade for me.
🟢 Entry: 0.05700 – 0.05500
🎯 TP1: 0.06100
🎯 TP2: 0.06600
🎯 TP3: 0.07250
🛑 Stop: Candle close below 0.05000
I entered on higher timeframes, so I want to hold this trade longer and give it more room to move. But if it breaks below 0.05000, it could fall further, and in that case I’ll start cutting the trade.
$PYTH 👇 👀
