【$PYTH Signal】Pullback to add longs + 1H oversold rebound

$PYTH The 1H level has reached the oversold zone, and the price is testing the key support at the 4-hour level. Currently, the price is declining but the open interest remains stable, indicating more liquidation by the main players rather than active selling. The 1-hour RSI has fallen to 44.8, approaching oversold, and the 4-hour EMA50 (0.0502) along with the 1-hour EMA50 (0.0500) form a strong support zone below, with the price already entering the suggested entry area. The buy order depth below 0.0498 is unusually thick, forming a moat.

🎯 Direction: Long

⚡ Entry/Order: 0.04934 - 0.04984, staggered entries within this range

🛑 Stop Loss: 0.04880

🚀 Target 1: 0.05080

🚀 Target 2: 0.05150

🛡️ Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back and breaks below the moving stop loss, exit all positions.

( Depth Logic: The price is declining but open interest remains stable, indicating that the bearish momentum is mainly driven by liquidation rather than active selling pressure. Negative funding rates suggest that shorts need to pay fees, indicating potential for short squeeze. The 1-hour candlestick near 0.0499 shows a long lower shadow, indicating buying support. The 0.0498-0.0500 area below is a confluence of multiple EMAs and dense buy orders, making it an ideal sniper entry point. )

Check real-time market 👇 $PYTH

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