Congratulations Legends 1074.82% Profit 🐋

PYTH/USDT - Potential Reversal and Long Opportunity

🔍 Fundamental Analysis:

$PYTH recently unlocked 141% of its circulating supply

The unlock event was preceded by a 2-month retracement, resulting in a nearly 70% loss in value

Significant volume was observed during the Sunday-Monday dump/dip

📈 Technical Analysis:

Good confirmation of a reversal, a potential long-trade opportunity is present

Ideal entry on a pullback to the ~0.4115 level

Targets: 0.516 and 0.65 (Risk-Reward Ratio: 4:1)

💰 Trade Setup:

Pair: PYTH/USDT
Markets: Spot and Futures
Entry Zone: 0.4000-0.37000

Targets:
0.44000
0.54000
0.60000
0.65000
0.70000
0.77000
0.85400

Stop Loss: 0.3400

⚠️ Risk Management:

As always, manage your risk responsibly

Consider using proper position sizing and risk management techniques

Be prepared for potential volatility and adjust your strategy accordingly

🚀 Happy Trading!

Please note that this is not financial advice. Always conduct your research and analysis before making any trading decisions.

#PYTHUSDT #PYTH #buythedip