$PYTH: Moving Average Death Cross Signals Downward Trend for $PYTH
SHORT SETUP PYTH
Entry: $0.07880 - $0.07900
Stop Loss: $0.08200
Take Profit: $0.07270 (2R)
Key Levels: Support $0.07677 | Resistance $0.08424
Technical Analysis for $PYTH: Indicators point bearish. Price sits below EMA9, EMA21, EMA50 and EMA200, while MACD is negative and its histogram contracts, confirming down momentum. RSI at 33.5 and Stochastic around 24 signal oversold conditions but still below neutral. ADX above 30 shows a strong trend. The 1hour resistance at 0.08424 frames the short bias.
Market Context: BTC is up 0.44% on the day, but overall market breadth is broadly negative with 89.4% red assets.
SHORT $PYTH
SHORT SETUP PYTH
Entry: $0.07880 - $0.07900
Stop Loss: $0.08200
Take Profit: $0.07270 (2R)
Key Levels: Support $0.07677 | Resistance $0.08424
Technical Analysis for $PYTH: Indicators point bearish. Price sits below EMA9, EMA21, EMA50 and EMA200, while MACD is negative and its histogram contracts, confirming down momentum. RSI at 33.5 and Stochastic around 24 signal oversold conditions but still below neutral. ADX above 30 shows a strong trend. The 1hour resistance at 0.08424 frames the short bias.
Market Context: BTC is up 0.44% on the day, but overall market breadth is broadly negative with 89.4% red assets.
SHORT $PYTH