【How to enter after PYTH rocket launch? Rebound at 0.19 value anchor area is the golden buying point】
Quick overview: PYTH surged 109% within 24 hours, with the current price at 0.241, having exceeded the 96% extreme of the Bollinger Bands. A massive short position covering drove the funding rate down to -0.31%. The short-term 'squeeze' market is nearing its end, waiting for a pullback to 0.19 HVN for the highest win rate.
Key interval structure
1. Value anchor area: POC 0.1857 (lower edge of the 70% transaction volume core area), with 702 million pieces traded in the past 2 weeks, Up/Down=66/34, clearly dominated by buyers.
2. High transaction volume buffer zone: HVN 0.184-0.188, 0.199-0.202, with a total of over 2 billion pieces accumulated, acting as a 'cushion' for the first pullback.
3. Low transaction volume gap: LVN 0.108-0.114 (vacuum area), if it falls below 0.17, it will quickly slide towards this area.
4. 70% transaction volume coverage area: 0.117-0.219; the current price is close to the upper edge, indicating short-term overbuying.
Momentum verification
· Up Volume above POC is 66%, and remains at 61% above HVN 0.199, with bulls not retreating.
· Contract positions surged 217% in 24 hours, long/short ratio went from 1.25→1.55 and then back to 1.25, showing short-term profit-taking pressure for leveraged longs.
· MA200 is at 0.123, with a deviation of +94%; excessive deviation usually triggers a rapid pullback.
Trading strategy
Aggressive: Buy small positions at current price 0.241-0.245, stop loss at 0.228 (below HVN 0.225), target 0.275 (2×ATR), profit/loss ratio ≈2.1.
Conservative: Wait for a pullback to 0.190-0.192 (overlapping area of POC+HVN), re-enter when a 15m engulfing/hanging man pattern appears and Up Volume >60%, stop loss at 0.182, target 0.220, profit/loss ratio ≈3.6.
Cautious: Abandon long positions if it falls below 0.17, reverse to short at LVN 0.11, stop loss at 0.178.
Risk warning
· If the 1h close falls below 0.182 with increased volume, the bullish structure will fail.
· Excessively negative funding rates can lead to reverse spikes after a brief surge; please control leverage ≤3x.
LP market-making suggestions
It is recommended to place bidirectional orders in the 0.185-0.205 range for market-making:
• The lower edge of the range 0.185-0.190 serves as strong support from POC, while the upper 0.200-0.205 acts as resistance from HVN, with sufficient volatility;
• Negative funding rates attract arbitrage funds, allowing for dual profits from fees + funding;
• Range width ≈10%, controllable impermanent risk, set ±8% rebalancing threshold.
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$PYTH #美国宏观经济数据上链