【$PYTH Signal】Long + 1H Momentum Breakout, Major Players Clearly Supporting the Market

$PYTH The 1H timeframe has just experienced a volume breakout above the previous high and stabilized above the EMA20, forming a strong upward candlestick. The 4H timeframe has broken through the downtrend line, with the price above the EMA50, indicating a shift from weak to strong trend. Currently, buy orders are deep and substantial, with clear signs of major players supporting the market. Short-term momentum is abundant, aiming for an inertial rise after the breakout.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0532 - 0.0534 (Near current price)

🛑Stop Loss: 0.0524 (Below the 1H previous low and EMA20 support)

🚀Target 1: 0.0548 (Previous wave high and 4H resistance)

🚀Target 2: 0.0565 (Key resistance level on the daily chart)

🛡️Trade Management:

- Position: Standard size.

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price (break-even). Hold the remaining position with a trailing stop to aim for Target 2. If the price cannot hold above 0.0530, consider exiting early.

Order book logic: The 1H RSI is as high as 71.49, indicating strong short-term buying, but caution is needed for overbought pullback. The key point is that the price is rising with stable open interest, and buy order depth imbalance reaches 18.80%, suggesting it’s not just a short squeeze but supported by active buying. The latest 1H candlestick shows buy orders accounting for 69%, with volume increasing, confirming the breakout’s validity. The 4H has formed three consecutive bullish candles, breaking through the recent consolidation upper boundary, indicating an initial bullish pattern.

View real-time quotes 👇 $PYTH

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