$PYTH /USDT BEARISH COOL-OFF — AFTER +52% SURGE, SELLERS TAKE CONTROL
PYTH exploded with a massive +52% rally, hitting a 24h high of $0.2043, but has since retraced to $0.1776. The price has slipped below the MA60 ($0.1813), showing exhaustion after the sharp rally. Unless bulls defend the $0.1750 zone, further downside correction looks likely in the short term.
Trade Setup
Entry (Short): $0.1780 – $0.1810
Targets (TP):
TP1: $0.1720
TP2: $0.1680
TP3: $0.1620
Stop Loss (SL): $0.1860
Market Outlook
After a parabolic pump, PYTH is showing signs of cooling off as profit-taking dominates. Sellers have gained momentum below the moving average, and a break under $0.1750 could trigger a deeper retracement. Only a reclaim above $0.1850 would revive bullish momentum.
#PYTH #USDT #CryptoTrading #Altcoins #TradingSetup
buy and trade here on $PYTH