🚀 PYTH: The Gunpowder is Ready for Takeoff! 🎯

The current price of PYTH is quoted at $0.14974 and we are seeing a consolidation with a clear formation of a bullish pennant 📈 just below a crucial resistance zone at $0.15500. The energy is compressed and Smart Money has already marked a change of character (ChoCH), suggesting that the bulls 🐂 are taking the reins and preparing for an imminent volatility explosion.

📢 Ecosystem News

Crypto whales 🐳 seem to be discreetly accumulating this data oracle, anticipating the upcoming market rally driven by rumors of new integrations and growing traction in DeFi. The narrative of the oracles is stronger than ever!

📊 Detailed Trading Plan

Strategy: LONG 🐂 (We enter with the expectation of a breakout to the upside).

Entry: $0.14974

Stop Loss (SL): $0.14000 (Placed just below the last relevant support zone/minimum to minimize risk, a level that would invalidate the bullish structure).

Targets (TP):

TP 1 (R:R 1:2): $0.16924 (An initial risk/reward of 1:2: the perfect level to secure partial profits after the breakout of the main resistance).

TP 2 (R:R 1:3): $0.17900 (Aiming for a more extended move, looking for a powerful momentum trade that takes us to the next supply zone).

✨ Conclusion

The buying pressure encapsulated in the pennant suggests that PYTH is a breath away from breaking the chains and unleashing its true bullish potential. 🐂#PythRoadmap @Pyth Network $PYTH