Technical Analysis and Trade Signals for the $PYR /USDT pair with three target levels:
Technical Analysis:
Current Price (PYR/USDT): $4.21
Support Levels:
First support around $3.75 (previous low)
Second support around $3.50 (strong historical support)
Resistance Levels:
First resistance around $4.26 (24-hour high)
Second resistance around $4.50 (next significant level)
Trend Indicator:
MACD: Bullish crossover, suggesting upward momentum.
RSI: At 60, indicating neutral to slightly bullish momentum.
Trade Signals:
1. Entry Point:
Buy near $4.15 (if retracing towards support)
Alternatively, $4.21 to ride momentum upwards.
2. Target Levels (Profits):
First Target: $4.50 (Resistance Level 1)
Second Target: $4.80 (Resistance Level 2)
Third Target: $5.00 (Psychological resistance)
3. Stop-Loss:
Place a stop-loss near $3.80 to protect from further downside risk.
Trade Momentum:
Bullish: The upward momentum is supported by higher lows and a bullish MACD crossover.
Actionable Momentum: Strong upside potential if it breaks the $4.26 resistance. Keep a close eye on price action, and ensure proper risk management at the suggested stop-loss level.
This setup suggests short to medium-term bullish momentum for PYR/USDT. Always be ready for price fluctuations and adjust targets based on market conditions.
