Let's analyze a very interesting asset from the point of view of #PYTH technique
đThe asset is now between the local support level at $0.5 and the local resistance level at $0.715. We are now moving sideways and forming an upward trading channel, as well as moving in an area of increased volume
â In the near future I expect a small corrective movement after which we will break through the upper boundary of the trading channel and start an impulsive upward movement.
đI plan to enter the trade from the current (0.554$-0.581$).
đ Stop loss will be at (0.5$)
â First take (0.638$)
â Second takeout (0.778$)
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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