#PYTH
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the decline.
There is a major resistance area (in green) at 0.1833, which represents strong resistance.
For inquiries, please leave a comment.
We are in a consolidation trend below the 100 moving average.
Entry price: 0.1707
First target: 0.1646
Second target: 0.1588
Third target: 0.1523
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the decline.
There is a major resistance area (in green) at 0.1833, which represents strong resistance.
For inquiries, please leave a comment.
We are in a consolidation trend below the 100 moving average.
Entry price: 0.1707
First target: 0.1646
Second target: 0.1588
Third target: 0.1523
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
Trade closed: target reached
#PYTH
First target: 0.1646 Reached
Second target: 0.1588 Reached
Third target: 0.1523 Reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 For More Signals Join Telegram Channel ( Futures/Spot )
👉 t.me/CryptoSignalFuturesSpot
👉 t.me/CryptoSignalFuturesSpot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.