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$PYTH liquidity just did something insane! We're talking Low / Thin📉volume and a BEARISH trend (Below EMA200) that's got everyone on edge. The momentum is ticking up, but it's a precarious dance - one wrong move and it's a free fall!🔥
The whales are hiding in the dark pool, and funding is at a mere 0.0044%. It's time to get ready for a potential swing trade!🚀
PYTH | SHORT🔴
💰Price: $0.06
📊Market Dashboard:
• Vol: $5.94M | OI: $5.22M
• Range: 0.06 - 0.06
• Funding: 0.0044%
• Mark: 0.05897362 | Index: 0.05899561
🎯Entry Zone: 0.0605 - 0.0610 (Above current price for a short entry, anticipating a bounce back to resistance)
🛑Stop Loss: 0.0623 (Calculation: 1.5x ATR (0.0013) + current price, adjusted for market context and extreme volatility)
💰Targets:
1. 0.0575 (TP1: Quick profit below EMA50)
2. 0.0550 (TP2: Swing low, anticipating a larger downtrend)
3. 0.0500 (TP3: Moonbag, if the trend continues and breaks major support)
⚖️Leverage: Cross 5x-7x (Adjusted for Extreme (2.13%) Volatility)
🔑Key Drivers:
- Low / Thin📉volume
- BEARISH trend (Below EMA200)
- Extreme (2.13%) volatility
⚠️RISK WARNING: High leverage = High risk. Manage your bankroll!
⚠️CTA:👉Don't trust me? Click the chart and verify yourself📉
#PYTH #cryptotrading #SwingTrade 💎⚡