🔴 $PYTH /USDT SHORT SIGNAL | Binance Futures

Pair: PYTH/USDT
Direction: SHORT 📉
Current Price: 0.07868 USDT
24H Change: -8.46%

📊 Trade Plan

Entry Zone: 0.0790 – 0.0800

Stop Loss (SL): 0.0820

TP1: 0.0775

TP2: 0.0760

TP3: 0.0740

Trade here $PYTH

🔎 Technical Analysis

Bearish pressure: PYTH is down 8.46% over 24 hours.

Support zone: 0.07737, the reported 24H low.

Resistance zone: 0.0795–0.0800.

Bearish outlook: A failed bounce near resistance could provide a short opportunity.

Confirmation: A clean break below 0.0773 with increased selling volume may signal further downside.

⚖️ Risk-to-Reward Summary

Using an illustrative entry of 0.0795 USDT:

Target Potential Profit Risk-to-Reward

TP1: 0.0775 2.52% 0.57:1
TP2: 0.0760 4.40% 1.00:1
TP3: 0.0740 6.92% 1.57:1

Risk to SL: Approximately 3.14%.

⚠️ Important: TP1 has an unfavorable risk-to-reward ratio. Consider waiting for a stronger entry near resistance or a confirmed breakdown and retest. These levels are an illustrative plan based on your supplied data, not a guarantee. Use risk controls and remember that futures leverage magnifies losses.

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