$PYTH Shorting Opportunity.
$PYTH is exactly at the major resistance or supply zone where it got resisted earlier.
As a trader looking for a #ShortingOpportunity this is exactly the level we target and put a stop loss just above it .
This kind of trading is basically scalping and considered a higher risk.
It's not the best approach though, the best approach would be waiting for a liquidity sweep above the resistance and closing below that resistance parameter have drawn in either 1hr tf or the 4hr tf which is the best.
Then a perfect #SHORT📉 with confirmation and a stop loss at the last liquidity sweep candle.
#Pyth
#ShortingOpportunity
#futuresignal
$PYTH is exactly at the major resistance or supply zone where it got resisted earlier.
As a trader looking for a #ShortingOpportunity this is exactly the level we target and put a stop loss just above it .
This kind of trading is basically scalping and considered a higher risk.
It's not the best approach though, the best approach would be waiting for a liquidity sweep above the resistance and closing below that resistance parameter have drawn in either 1hr tf or the 4hr tf which is the best.
Then a perfect #SHORT📉 with confirmation and a stop loss at the last liquidity sweep candle.
#Pyth
#ShortingOpportunity
#futuresignal
