PYTH is one of the names that gets interesting when the market starts moving from defensive positioning toward higher beta opportunities.
The screenshot shows PYTH around 0.05879 dollars, with a market capitalization near 125.62 billion PKR and a 24 hour gain of 8.99 percent. Recent market data also shows PYTH trading around the same general region, with strong daily activity. Historical data shows PYTH moving from roughly 0.0528 dollars on September 16 to above 0.056 dollars on September 18, with daily trading volume increasing from the levels seen earlier in the week. 2
That is exactly the kind of movement I want to monitor. Not because green candles automatically mean continuation, but because increasing activity combined with price recovery can indicate that liquidity is returning.
My working support zone is 0.0565 to 0.0575 dollars. If that area holds and price starts reclaiming the upper part of the range, 0.0625 becomes the first level to watch. Above that, 0.0680 becomes the larger momentum target.
A move below 0.0525 would invalidate this particular setup.
EP: 0.0575 dollars
TP: 0.0625 dollars and 0.0680 dollars
SL: 0.0525 dollars
The market is heating up, but the strongest moves usually begin while most people are still debating whether the move has even started.
I am ready for the move, but I am watching the retest.
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