$PYR ๐ฅ BULLISH MOMENTUM ๐ฅ
๐ Token Overview:
Asset: Vulcan Forged (PYR)
Current Price: $1.047 USDT
24H Volume: $2.51 million USDT
Market Context: PYR has been consolidating after a multi-month downtrend, showing early signs of recovery.
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๐ Fibonacci Retracement Setup
Assumed swing (recent trend range):
Swing Low: $0.89
Swing High: $1.22
Fibonacci Level Price Level Role
0.236 $1.14 Minor pullback resistance
0.382 $1.08 First support (near current price)
0.500 $1.05 Midpoint and local support
0.618 $1.01 Golden Pocket (strong buy zone)
0.786 $0.96 Deep retracement
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๐ง PYR Fibonacci Trading Strategy
โ 1. Dip Buy Strategy (Swing)
Entry Zone: $1.01 โ $1.05 (golden pocket)
Stop-Loss: $0.89 (previous low)
Targets:
TP1: $1.14 (0.236)
TP2: $1.22 (swing high)
TP3: $1.35 (Fib extension 1.272)
๐ This is a high-probability reversal zone if volume confirms.
Risk Management
Use position sizing (max 2% risk)
Adjust stop-loss based on trade style
Avoid trading during low volume periods
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๐ Disclaimer
This is not financial advice. Cryptocurrency trading involves high risk and volatility. Always DYOR (Do Your Own Research) and use proper risk management.
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