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Pyth Network (PYTH) is giving a very clear BUY signal. Let's do a quick analysis!
- The PYTHUSDT chart is showing the formation of a classic inverse head and shoulders pattern, signaling a potential trend reversal from bearish to bullish.
- The price has found strong support at the level of 0.0835 (@SUPPORT) and is showing an effort to bounce back from this area with active trading volume.
- A successful breakout of the neckline of the inverse head and shoulders pattern, along with an upward arrow, confirms a potential BUY signal and paves the way for a higher price target.
- Action plan:
- Recommendation: BUY
- Entry zone: 0.0835
- Target (TP): 0.5588
- Stop loss (SL): When the price closes below 0.0790
Which asset are you holding? Comment so we can discuss together!
#PYTH #TechnicalAnalysis #Crypto #Tienmahoa
- The PYTHUSDT chart is showing the formation of a classic inverse head and shoulders pattern, signaling a potential trend reversal from bearish to bullish.
- The price has found strong support at the level of 0.0835 (@SUPPORT) and is showing an effort to bounce back from this area with active trading volume.
- A successful breakout of the neckline of the inverse head and shoulders pattern, along with an upward arrow, confirms a potential BUY signal and paves the way for a higher price target.
- Action plan:
- Recommendation: BUY
- Entry zone: 0.0835
- Target (TP): 0.5588
- Stop loss (SL): When the price closes below 0.0790
Which asset are you holding? Comment so we can discuss together!
#PYTH #TechnicalAnalysis #Crypto #Tienmahoa
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