Let's analyze a very interesting asset from the point of view of #PYTH technique
🔗The asset is now between the local support level at $0.5 and the local resistance level at $0.715. We are now moving sideways and forming an upward trading channel, as well as moving in an area of increased volume
✅ In the near future I expect a small corrective movement after which we will break through the upper boundary of the trading channel and start an impulsive upward movement.
🔜I plan to enter the trade from the current (0.554$-0.581$).
🛑 Stop loss will be at (0.5$)
✅First take (0.638$)
✅Second takeout (0.778$)
When the first take is reached, stop loss should be replaced to the entry price. Reaching the second take will be 36% of net movement
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