$PYTH â Breakout Still Holding đ
$PYTH spent most of the session trading between $0.0492 and $0.0513 before breaking out with strong momentum to an intraday high of $0.0577. The price has since pulled back to around $0.0558, where traders are watching to see if the breakout level turns into support.
Instead of chasing the rally, I'm waiting for a healthy retest.
Trade Plan
đ Entry: $0.0545â$0.0560
đ Stop Loss: $0.0520
đŻ TP1: $0.0595
đŻ TP2: $0.0620
đ Final TP: $0.0650
The setup remains valid as long as $0.0520 holds. A break below that level would weaken the bullish structure and invalidate the trade idea.
Not financial advice. Always manage your risk and DYOR.
$PYTH spent most of the session trading between $0.0492 and $0.0513 before breaking out with strong momentum to an intraday high of $0.0577. The price has since pulled back to around $0.0558, where traders are watching to see if the breakout level turns into support.
Instead of chasing the rally, I'm waiting for a healthy retest.
Trade Plan
đ Entry: $0.0545â$0.0560
đ Stop Loss: $0.0520
đŻ TP1: $0.0595
đŻ TP2: $0.0620
đ Final TP: $0.0650
The setup remains valid as long as $0.0520 holds. A break below that level would weaken the bullish structure and invalidate the trade idea.
Not financial advice. Always manage your risk and DYOR.
