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SynergyTradingSetups
Dec 31, 2023 3:00 PM

PYTH - Long Long

PYTHUSDT Perpetual ContractBybit

Description

PYTH completed a type 2 return at a 0.886. Not the most formal harmonic but this has all that you look for when trading these patterns. Local level acting as support on the type two, clear exit points.

Good luck.

Comment

Came close but the SL never got activated. Great wick tbh, confirms that as the low once again, more bullish confidence and if we go below the sl will serve us well.

Comment

As we said, that seemed to be the low. Beautiful continuation up for now.

Comment

OUT at break even. In again if supply line breaks. We will update.

Comment

Bullish hammer backtest of the level - Great educational case study, unfortunately we missed the trade
Comments
tonezzz
Seems to have broken up out of the trend and now retesting it. Looks like a great buy opportunity here. Do you see what I’m seeing?
SynergyTradingSetups
@tonezzz, Yeah great spot. The only thing is there is another trend which it has rejected, I'd prefer a break up out of that (lmk if you see it). You can definitely position here, but we're out and waiting for a few more candles.
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