$PYR ⚠️ Double Alert: 4.9% Drop & 50.9x Volume on
$PYR - With this level of selling pressure and extreme volume, the trend remains bearish until proven otherwise.
- I expect some sort of reaction around the 0.153–0.152 support area. If sellers cannot push below this zone, a bounce toward 0.160–0.162 is likely as shorts take profit and some longs try to catch a reversal.
- If price bounces to 0.160–0.162 and stalls, watch for rejection—this would be a logical short entry area, targeting 0.153 and potentially 0.149 if the low breaks.
- Entry example: Wait for a weak bounce to 0.160–0.162, look for confirmation with a bearish engulfing or a reversal pattern on lower timeframes, then look for a short entry. Take profit at 0.153–0.152. Place your stop above the swing high of the rejection candle or above 0.162.
- If price flushes below 0.153 but sharply reclaims it (especially on a wick), that could be a short-term reversal: aggressive traders can try a quick long targeting 0.160, but only if there’s clear reversal confirmation like a pin bar, bullish engulfing, or a reclaim of 0.154 with heavy buy volume.
- My bias would flip bullish if price regains and holds above 0.162–0.165 with strength and closes above the equilibrium at 0.1595. Otherwise, more downside is possible.
📝 This is not investment advice, just an educational analysis report! The current move looks like a panic-driven liquidation. Wait for confirmation before shorting, and watch those key levels closely for clues about a true bottom or another leg down.
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