🚨 $PYR /USDT TECHNICAL ANALYSIS – MOMENTUM GAINING 🚨

The PYR/USDT chart on the 1-Day timeframe reveals a notable upward movement after bouncing off a local low. This rise in price by over 5% suggests renewed buying interest, yet the asset remains below key resistance levels that need to be overcome to signal a true bullish shift.

Current Price: 2.541

Key Indicators:

Resistance Level (White Indicator):

Primary Resistance at 2.847 – A move above this could signal a stronger bullish trend.

Major Resistance at 3.175 – Breaking this level would confirm a significant upward trajectory.

Support Level (Red Indicator):

Immediate Support at 2.466 – Maintaining this level is critical for sustaining current momentum.

Major Support at 2.138 – A drop below this level could reignite bearish pressure.

Short Trade Signal:

Entry Point: Below 2.466 if price shows rejection at the 2.847 resistance.

Target 1: 2.400

Target 2: 2.250

Stop Loss: 2.847 – To limit potential loss.

Long Trade Signal:

Entry Point: Above 2.847 for a breakout confirmation.

Target 1: 3.000

Target 2: 3.175

Target 3: 3.227

Stop Loss: 2.466 to manage risk effectively.

Cautionary Note:

Keep an eye on the price action near the 2.847 resistance. A clear breakout with volume could push the price higher, while failure at this level may signal a pullback. Monitor overall market conditions for additional cues.

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