#PYTH
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards breaking it. A retest of this boundary is expected.
The Relative Strength Index (RSI) is showing a downward trend, moving in a downtrend and likely to continue due to overbought conditions.
There is a key resistance zone in green at 0.0622. The price has bounced off this zone several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 0.0522
First Target: 0.0509
Second Target: 0.0488
Third Target: 0.0465
Stop Loss: At the resistance zone in green.
Remember this simple thing: Money Management.
For any questions, please leave a comment.
Thank you.
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards breaking it. A retest of this boundary is expected.
The Relative Strength Index (RSI) is showing a downward trend, moving in a downtrend and likely to continue due to overbought conditions.
There is a key resistance zone in green at 0.0622. The price has bounced off this zone several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 0.0522
First Target: 0.0509
Second Target: 0.0488
Third Target: 0.0465
Stop Loss: At the resistance zone in green.
Remember this simple thing: Money Management.
For any questions, please leave a comment.
Thank you.
Trade closed: target reached
#PYTH
First Target: 0.0509 Reached
Second Target: 0.0488 Reached
Third Target: 0.0465 Reached
🚨 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.
🚨 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.