$PYTH Breakout in Action! Will It Pump Toward 0.20🤔🔐👇
Current Price: 0.1623 USDT
Timeframe: 1H & 1D
Formed Candle, Chart Pattern & Trend Signal:📊📉
1H: A clean Break of Structure (BOS) followed by a pullback, with $PYTH price holding above 0.1605 support. It's now consolidating just under minor resistance at 0.1640.
1D: Strong bullish momentum with a Change of Character (CHoCH), and price currently challenging the 200 EMA zone.
Stoch RSI: Pulling back from the overbought zone, hinting at a healthy correction or a possible retest before another move up.
Why Bullish:🤔🔥
Clear higher highs and higher lows forming on the chart.
Structure, EMAs, and volume support a bullish continuation.
A successful breakout above 0.1640 could ignite momentum toward 0.18 and 0.20 zones.
Best Trading Strategy Plan:🧑💻
Entry Zone: 0.1580–0.1620 (on retest)✅
Target 1: 0.1740🎯
Target 2: 0.1880🎯
Target 3 (High Conviction): 0.1990🎯
Stop Loss: Below 0.1530 (conservative) or 0.1480 (aggressive)☣️
Trade Duration: Short-Term (2–4 Days Hold)
Takeaway:👨❤️👨
"A smart trader moves with structure and stays patient in the market."
Disclaimer:⚠️
This post is for educational purposes only. Always DYOR (Do Your Own Research) before investing.