a short technical analysis and trade signal for $PYR ๐ฅ๐ฏ
/USDT, based on the provided data:
๐ Technical Analysis (Short-Term)
Trend: Bullish momentum building โ price up +3.55%
Current Price: $1.050
24h High-Low Range: $0.975 โ $1.074
Volume Spike: Healthy 24h volume (~1.9M), suggesting strong trader interest
Support Zone: $0.975 โ $1.014
Resistance Zone: $1.074 โ $1.079
Price is approaching resistance but holding above key support, showing potential for a short-term breakout.
๐ Trade Signal: LONG (Buy)
Entry Zone: $1.040 โ $1.055
Stop-Loss: $0.970 (below recent low)
Trade Momentum: Moderate to Strong Bullish
๐ฏ Targets
Target 1: $1.074 (retest of recent high)
Target 2: $1.095 (minor breakout above high)
Target 3: $1.150 (next psychological resistance)
โ ๏ธ Risk Note
Use tight stop-loss management as the pair is volatile. Watch for rejection at the $1.074 resistance level โ a failure to break may signal a short-term pullback.