Entry Zone: $0.1390 – $0.1420
Take Profit Targets:
• TP1: $0.1470
• TP2: $0.1525
• TP3: $0.1580
Stop Loss: Below $0.1345
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Bullish Momentum Building in $PYTH
$PYTH has officially broken out of its consolidation range, printing strong green candles and forming consistent higher lows—a classic bullish structure. At the time of writing, it’s trading at $0.1417, up 7.84%, and is just under its 24-hour high. This signals rising momentum and increasing interest from buyers.
The breakout is not just a candle; it’s backed by surging volume, a key signal that this move could be more than just a fake-out. When volume supports a price move, especially after a period of sideways consolidation, it often leads to extended trend continuation.
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Market Structure Breakdown
Bullish Breakout: After a prolonged consolidation, $PYTH surged past the upper boundary with force, signaling a shift in market sentiment.
Higher Lows: The formation of consistent higher lows confirms buying pressure and trader confidence.
Trend Confirmation: This clean structure is ideal for trend-following and breakout traders aiming for short to mid-term gains.
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Why This Setup Stands Out
This isn’t just another breakout—it’s one of those high-conviction setups. $Pyth has a history of sharp runs after breaking resistance levels, and the current pattern resembles previous price actions that led to significant gains. The breakout is clean, the volume is rising, and market momentum is shifting in favor of bulls.
A 1-hour candle close above $0.1430 with increasing volume would serve as strong confirmation that the next leg is underway. That level is your key breakout retest zone—watch it closely.
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Risk Management and Strategy
With a stop-loss set just below $0.1345, this trade setup offers a solid risk-to-reward ratio. Even if TP1 is hit, it presents a respectable return, and hitting TP3 could yield a high reward for early entrants.
Traders should consider scaling out profits at each target to lock in gains while still participating in potential upside.
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Final Thoughts
$Pyth is showing classic bullish continuation behavior. With technicals aligning, volume confirming, and momentum climbing, this setup is ripe for breakout traders looking to catch the next leg before it runs away. Stick to your plan, follow volume cues, and respect your stop loss.
Ride the trend—$Pyth might be just getting started.