🐻 Sharp 4.6% Drop on $PYR - With the recent -4.6% dump and surge in volume, I expect the downside pressure to continue unless there’s a strong bullish reaction off 0.082 (where price just wicked). - My main expectation is a relief bounce toward 0.085 or 0.090, followed by renewed selling. - If you’re looking to short, the best setup is to wait for a weak bounce into the 0.085-0.090 area, watch for bearish reversal signs (e.g., rejection wicks, bearish engulfing, lower highs on 5m/1m), then consider an entry for a move back down to the 0.082-0.080 area. Place your stop-loss above the most recent swing high (above 0.090). - Take profit zones for shorts: 0.083 first target, 0.082 secondary target. If 0.082 breaks, trail stops and consider further downside. - If price sharply reclaims and holds above 0.090 with strong volume and momentum, my bearish bias is invalidated, and a further bounce to 0.095 becomes possible. Example scenario: - Price bounces to 0.087, forms a pin bar or lower high, shows 5m bearish engulfing — you can enter short there, targeting 0.083, 0.082. - If price instead breaks below 0.082 and forms a double bottom with bullish divergence on lower timeframes, you might try a quick scalp long, targeting 0.085 for a tight exit. 📝 This is not investment advice, but an educational analysis to help you understand the current price structure and possible trade setups. Always confirm with lower timeframe signals and manage your risk! 📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → https://t.co/kMPco9Fs6m
Finora AI - Your Trade BuddyShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.