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PYRUSDT trade ideas

PYRUSDT Retracement Long PotentialPYRUSDT is retracing into previous range high/resistance and 0.386 fib level where price penetrated the highs with big volume indicating a change in market structure and a new bullish trend. Also long term RSI trend is testing the trendline and 50% level area as support. Invalidation of this idea is the yellow arrow scenario where price closes back inside the multi year range and gets rejected from the range high while also RSI trend failing to maintain its structure and tests as resistance. Potential targets for this trade is the 0.7-0.786 fib levels in the mid term.
Long
by Crypto_Mania961
1
PYR/USDT Ready for a Bull Run? 👀🚀 PYR Analysis💎 Paradisers, let's zoom in on #PYRUSDT, as it's currently showing signs of a bullish continuation from its current demand zone. 💎 Based on our previous analysis, #VulcanForgedPYR reached an equal high and then experienced a pullback. Presently, there's a growing likelihood of a bullish movement from the demand level at $6.00. If PYR maintains its level at this point, we could see a bullish push towards the bearish Order Block (OB). 💎 However, as savvy traders, we're always alert to different possibilities. If PYR doesn't sustain the $6 demand level, we need to be ready for a potential bullish rebound from a lower demand level at $5.64. It's crucial to note that falling below this level might lead to a significant bearish trend. 💎 Stay vigilant and adaptable, Ladies and Gentlemen of ParadiseClub. Your ParadiseTeam is dedicated to continuously scouring the market for the most promising trading opportunities.
Long
by MyCryptoParadise_Simon
1
PYR Weekly Imbalance Retest : $10 are comingPYR, the crypto that patiently accumulated within a horizontal range, unleashed a rapid breakout, leaving behind a significant weekly imbalance. As we tread water in an ascending channel, the journey to surpass the upper bounds awaits a strategic retest, targeting the elusive $10 milestone. Key Observations: Extended Accumulation Period: PYR underwent a prolonged phase of accumulation, consolidating its value within a horizontal range. This accumulation laid the foundation for a potential explosive move. Swift Breakout and Imbalance Creation: The breakout from the accumulation range was swift, propelling PYR to new heights. However, the breakout left behind a conspicuous weekly imbalance, signifying a significant pool of untraded volume. Current Scenario and Anticipated Moves: Ascending Channel Dynamics: PYR is currently traversing within an ascending channel, marked by higher highs and higher lows. The channel signals a bullish bias, but challenges lie ahead. Struggling at the Channel's Upper Boundary: Despite the bullish momentum, PYR has faced resistance at the upper boundary of the ascending channel. The inability to breach this level suggests a need for a strategic move. Anticipated Move - Retest Strategy: Retest of Weekly Imbalance and Range High: To fortify its ascent, PYR is expected to undergo a retest of the weekly imbalance left by the breakout. This anticipated retest aligns with the range high, providing a confluence of support. Critical Juncture at $10: The strategic retest becomes a crucial juncture, determining PYR's ability to overcome historical resistance. A successful retest could pave the way for a decisive move towards the $10 psychological level. Strategies for Traders: Observing Price Action at Key Levels: Traders should closely monitor price action around the weekly imbalance and the range high during the retest. A strong bounce from these levels could signal a renewed bullish momentum. Setting Strategic Entry Points: Consider setting entry points in alignment with the anticipated retest, ensuring positions are strategically placed to benefit from potential bullish moves. Conclusion: PYR's Odyssey Continues PYR's journey, from patient accumulation to a breakout with lingering imbalances, is a testament to the complex dynamics of crypto markets. As we stand at the threshold of a potential retest, traders brace themselves for a strategic move that could propel PYR towards the elusive $10 mark. 🚀 Ascending Channel Dynamics | 🔄 Imbalance Retest Strategy | 💼 Strategic Entry Points 💬 Share your insights on PYR's journey and your strategies for navigating this crucial phase! 🌐✨
Long
by Yaroslav_Krasko
✴️ Vulcan Forged PYR [NYA]It has been going sideways for more than a year but while trading within a range Vulcan Forged PYR has been printing higher lows. The current price for PYRUSDT trades below EMA50 but the RSI is bullish. The current price trades relatively low compared to recent support levels yet the MACD is entering the bullish zone. This tells us that while it might look like nothing is happening, bullish accumulation is taking place and this is normally followed by a bullish wave. The strong drop on the left should also be matched by a strong rise on the right. Namaste.
Long
by AlanSantana
3
PYRUSDT: What next after the massive breakout?PYRUSDT displays a robust structure resembling a harmonic pattern AB=CD. The price witnessed substantial accumulation following the completion of leg D. After approximately 115 days of accumulation within a potential box-like pattern, a surprising breakout occurred, testing the supply levels towards the leg B of the pattern. However, the resistance encountered within this supply area has hindered further upward movement, leading to a pullback towards the box neckline area. As the price descends, there's a notable weak support zone identified. Despite its label, this level holds significance and might propel the price upwards. Anticipation leans towards a pullback in an ABC pattern. The immediate demand zone highlighted on the chart presents a robust area for potential buy opportunities. The outlined targets align with the supply zone illustrated on the chart. Boosting this analysis and engaging with your comments is appreciated.
by weslad
3
PYR buying zoneI see the red zone as a nice zone for buying pyr. If the market crash continue , and BTC will bleed more toward 14-9k range . Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens , for example 30% now and the rest when prices reached the area mentioned , because the market is a guessing game , no one know exactly what would happen . its okay to start DCA now , because we are already +80% down from almost all ALTS ATH . I want to point out , that the price could go even lower than the zone mentioned , however , as i mentioned before , from here every one can start DCA , no one could catch the real bottom unless he has a time travel machine . Not a financial advice Thank you
Short
by youyousag
2
PYR: Breakout Target 50$ by 2024🚀 Exciting developments are underway as Vulcan Forged PYR (PYR) makes a notable exit from a significant accumulation phase. The charts suggest a potential retest of the upper boundary of this range, setting the stage for a breakout with a target of $50 by the end of 2024. Let's dive into the details of this emerging opportunity. 📈🔍 PYR's Accumulation Breakout: Accumulation Dynamics: PYR has shown signs of accumulating within a range, indicating a period of gathering momentum before a potential price move. Exit from Accumulation: The recent breakout from this accumulation phase is a noteworthy development, suggesting that PYR is gearing up for a new trend. The Retest and Breakout Scenario: Retesting Upper Boundary: It's common for assets to retest the upper boundary of a range after a breakout. PYR might revisit this level, providing an opportunity for traders to confirm the strength of the breakout. Targeting $50: The bullish sentiment surrounding PYR leads us to set a target of $50 by the close of 2024. This ambitious goal aligns with the potential of the current breakout. Trading Strategy: Retest Confirmation: Wait for confirmation through price action, ensuring that the retest of the upper boundary is met with bullish momentum. Volume Analysis: Monitor trading volume during the retest and subsequent breakout. Increased volume can validate the strength of the upward move. Long-Term Outlook: Considering the target of $50 by the end of 2024, investors may evaluate PYR as a potential long-term opportunity. Conclusion: PYR's emergence from accumulation signals a significant shift in market dynamics. As the cryptocurrency landscape evolves, strategic traders and investors can position themselves to capitalize on the potential breakout, with the ambitious target of $50 on the horizon. May your trades align with the momentum of PYR's breakout, and the crypto journey be filled with success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
1