PYR is one of the best performer from the past when BTC was dumped.
For now it has a great setup for a scalp trade of 10-30% TP.
Confluences:
1. Broken out from a falling wedge pattern.
2. Monday lows swept and reclaimed the Monday range.
3. 4hr HL is retested and now we may see a strong pump from here.
4. If 4hr candle closes above TP1 Bearish candle, we will be heading towards TP2 instantly.
For now it has a great setup for a scalp trade of 10-30% TP.
Confluences:
1. Broken out from a falling wedge pattern.
2. Monday lows swept and reclaimed the Monday range.
3. 4hr HL is retested and now we may see a strong pump from here.
4. If 4hr candle closes above TP1 Bearish candle, we will be heading towards TP2 instantly.
Trade closed: stop reached