Imagine a coin that lost over half its value in a single day, and yet the chart still hasn’t found a floor. That’s $PYR right now — less panic, more slow bleed, and it may still have one more chapter.
The 4-hour picture is brutal. Price is near 0.021, completely detached from longer moving averages. RSI is flatlined in single digits — extreme exhaustion, but not necessarily reversal. First bounces on falls this fast usually get sold before building momentum.
There’s an unfilled gap above, roughly 0.044–0.048. That zone is now a ceiling, not a floor. Closer to home, the immediate invalidation sits around 0.022 — if $PYR can reclaim that on a 4-hour close, the bearish read softens. Until then, path of least resistance still points toward 0.019, possibly lower if volume doesn’t step in. Tap $PYR to pull up the chart and see how cleanly it’s been rejecting every recovery attempt.
My read: a falling knife with no strong hand catching it yet. The real risk is mistaking a dead-cat bounce for a bottom. Watching whether 0.019 holds or gets sliced through in the next day or two.
Follow for the follow-up once PYR tests that lower zone — I’ll share whether it looks like absorption or another trap. 👇
Which level are you watching more closely — 0.019 or 0.022?
⚠️ Not financial advice. DYOR.
#PYR #Crypto #BinanceSquare #Altcoins
The 4-hour picture is brutal. Price is near 0.021, completely detached from longer moving averages. RSI is flatlined in single digits — extreme exhaustion, but not necessarily reversal. First bounces on falls this fast usually get sold before building momentum.
There’s an unfilled gap above, roughly 0.044–0.048. That zone is now a ceiling, not a floor. Closer to home, the immediate invalidation sits around 0.022 — if $PYR can reclaim that on a 4-hour close, the bearish read softens. Until then, path of least resistance still points toward 0.019, possibly lower if volume doesn’t step in. Tap $PYR to pull up the chart and see how cleanly it’s been rejecting every recovery attempt.
My read: a falling knife with no strong hand catching it yet. The real risk is mistaking a dead-cat bounce for a bottom. Watching whether 0.019 holds or gets sliced through in the next day or two.
Follow for the follow-up once PYR tests that lower zone — I’ll share whether it looks like absorption or another trap. 👇
Which level are you watching more closely — 0.019 or 0.022?
⚠️ Not financial advice. DYOR.
#PYR #Crypto #BinanceSquare #Altcoins