$PYTH Short Liquidation Update
Short positions totaling $14.524K were liquidated at $0.06548, confirming strong buy-side aggression and forcing bears to cover.
Market Structure
Price is holding firmly above the liquidation zone, showing acceptance at higher levels. This short squeeze often fuels continuation when momentum stays supported.
Key Levels
Support: $0.0650 – $0.0625
Resistance: $0.0695 → $0.0740
Bullish Trade Setup
Entry: Break and hold above $0.0695, or a pullback holding above $0.0650
Targets:
TP1: $0.0740
TP2: $0.0795
Stop Loss: Below $0.0618
Market Sentiment
The liquidation event shifted control decisively to buyers. With sellers squeezed out and structure intact, pullbacks are likely to be absorbed rather than sold.
Bullish bias remains active while price holds support and volume confirms upside continuation.
