$PYR 💪
$PYR surging with 6.4x buy volume spike, can it sustain?
- With the extreme buying volume, strong bullish indicator cluster, and price breaking above recent range highs, I expect the price to continue rising after a possible pullback or short consolidation. This event looks like aggressive accumulation, not exit liquidity.
- My approach: Wait for a controlled pullback into the 0.160-0.162 zone or a sweep into the 0.157-0.160 gap area. If price forms a reversal pattern there (such as a pin bar, lower timeframe bullish engulfing, or a quick liquidity sweep below support with rapid recovery), I would enter long.
- Entry: Around 0.160-0.162 (wait for confirmation)
- Take Profits: 0.167 (first TP), 0.170 (second TP), 0.174-0.175 (third TP if momentum persists)
- Stop-loss: Place below the recent swing low or just under the 0.152 level.
- If price fails to hold above 0.152 and closes below with heavy volume, my bias would flip bearish and I would expect more downside. Until then, the setup favors more upside.
📝 This is not investment advice, but an educational report to help you understand the setup and price action! Always trade with solid risk management and wait for clear confirmation before entering.
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