-57.14%.
That’s not a correction. That’s a structural break, and the chart is still bleeding.
$PYR just printed a 4H candle that dropped 45% in one session — from 0.041 down to 0.022 — before settling near 0.021. RSI: 12.08 on the 4H, 23.95 daily, 14.54 weekly. Three timeframes, same message: this is not a dip to buy blindly.
Funding is flat, open interest is non-existent. No crowded shorts to squeeze, no leveraged longs to flush. It’s a slow bleed, not a liquidation cascade. Bounces without fuel tend to be weak and short-lived.
Price is hovering near 0.0214, with only the psychological 0.019–0.020 floor from the 24h low holding it up. Lose that, and the next objective is 0.018. Invalidation for the bearish thesis: a daily close back above 0.0231.
Trend is bearish until proven otherwise. The risk isn’t missing the bottom — it’s catching a falling knife with no momentum shift yet.
Tap $PYR to see how thin the bids look below 0.020.
Follow for a fresh read when this range resolves. Which level are you watching more closely — the 0.019 floor or the 0.023 ceiling? 👇
⚠️ Not financial advice. DYOR.
#PYR #Crypto #BinanceSquare
That’s not a correction. That’s a structural break, and the chart is still bleeding.
$PYR just printed a 4H candle that dropped 45% in one session — from 0.041 down to 0.022 — before settling near 0.021. RSI: 12.08 on the 4H, 23.95 daily, 14.54 weekly. Three timeframes, same message: this is not a dip to buy blindly.
Funding is flat, open interest is non-existent. No crowded shorts to squeeze, no leveraged longs to flush. It’s a slow bleed, not a liquidation cascade. Bounces without fuel tend to be weak and short-lived.
Price is hovering near 0.0214, with only the psychological 0.019–0.020 floor from the 24h low holding it up. Lose that, and the next objective is 0.018. Invalidation for the bearish thesis: a daily close back above 0.0231.
Trend is bearish until proven otherwise. The risk isn’t missing the bottom — it’s catching a falling knife with no momentum shift yet.
Tap $PYR to see how thin the bids look below 0.020.
Follow for a fresh read when this range resolves. Which level are you watching more closely — the 0.019 floor or the 0.023 ceiling? 👇
⚠️ Not financial advice. DYOR.
#PYR #Crypto #BinanceSquare
