$PYTH new H4 frame breaks the down wedge and is being tested again. Currently forming a large cup and handle pattern.
Although buying in the current range is also quite stable as the price has shown signs of reversal in the 3D frame and successfully set up a reversal in the D frame. The D frame has also broken the down wedge and successfully retested yesterday.
However, I trade according to a safe approach, so I will wait for the H4 candle to close to complete the cup and handle pattern. When it comes back to retest the pattern, I will buy in to keep the stop-loss close, and the risk will be lower.
I believe that $PYTH will soon test the nearest resistance at the range of $0.1-0.105.
This is just my personal opinion. It is also my trading journal and technical analysis. I am not a skilled investor and do not claim that my analysis is 100% correct. I admit I make mistakes because I am still wrong and am improving my technical skills every day.
I mainly trade spot, I very much limit futures, and when trading futures, I only use a leverage of x1-2. I primarily earn money from trading, not from writing articles.
I highly encourage everyone to join discussions and share so that we can all learn and grow together. However, I will block all negative and rude comments. If you feel I am wrong and leading you astray, you can block me!
This will be my last post on this issue! From the next posts, I will block rude and negative individuals immediately.
