$PYTH Key Level Breakout or Fakeout🤔🔐
Current Price: $0.1357
Timeframes Analyzed: 1H & 1D
Chart Date: April 18, 2025
Technical Breakdown:📉
1H Chart Analysis:📉
Clear CHoCH (Change of Character) confirmed below $0.125 with a strong bullish BOS (Break of Structure).
$PYTH Price rallied sharply, testing the $0.1410 zone before rejection.
Currently consolidating above the dynamic EMA support with minor lower-high formations.
Stoch RSI cooling off after peaking — now at 43.11 (blue) & 57.67 (orange) — indicates short-term exhaustion.
1D Chart Insight:🧑💻
After holding strong around $0.1070 lows, PYTH formed a double bottom and surged above the 21 EMA.
Facing resistance at the $0.135-$0.145 zone — a supply pocket from previous breakdown.
Stoch RSI at 87.10/79.56 — still bullish but overbought. A minor pullback likely before continuation.
Trade Strategy : LONG BIAS🔥
Entry Zone:✅
$0.1330 - $0.1355 (on healthy retest of EMA & demand)
Targets:🎯
TP1: $0.1410
TP2: $0.1570
TP3: $0.1800 (if momentum persists)
Stop Loss:☣️
Below $0.1290 (invalidate recent breakout)
Trade Duration:⌛
2–4 days swing window
Pro Tip:👨🏫
Watch for volume confirmation on reclaim above $0.1415. If $PYTH price reclaims and holds this level with increasing volume, expect a push toward the $0.16-$0.18 zone.
Market Sentiment:📉
Momentum is favoring bulls with back-to-back green candles and a CHoCH flip. Short-term pullbacks are likely but should be treated as buying opportunities until structure is broken again.
👨❤️👨“Don’t chase green candles — position smartly where others hesitate.”
Disclaimer: ⚠️
This is a technical analysis and not financial advice. Please DYOR and manage your risks wisely.
