【$PYTH Signal】Short squeeze rebound continues, buy on 1H pullback

$PYTH The 1H timeframe is consolidating at a high level after a strong rally, with price staying close above EMA20(1H), indicating strong consolidation. The 4H timeframe has broken out of the previous consolidation zone with increased volume, and the trend has shifted to bullish. Currently, the negative funding rate(-0.1167%) and firm price suggest a short squeeze logic, with clear signs of main force defending the market.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0578 - 0.0582 (Reason: The dynamic support zone at EMA20 on the 1H timeframe, also the low point area of the previous 1-hour candle)

🛑Stop Loss: 0.0565 (Reason: Break below the previous low support on the 1H and the middle of the large bullish candle on the 4H, ATR stop loss)

🚀Target 1: 0.0600 (Reason: Psychological whole number level and previous minor resistance)

🚀Target 2: 0.0625 (Reason: Resistance area on the daily chart, near the 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 1H RSI has reached 83.65, short-term overbought, volatile)

- Execution strategy: After reaching 0.0600, reduce position by 50% to lock in profits, and move the remaining stop loss up to entry price 0.0582. If price cannot hold above 0.0580 and quickly falls back, exit immediately and observe.

Deep logic: The volume in the past 4 hours has surged significantly, indicating large funds entering. Open interest(OI) remains stable at a high level of 143 million, with prices rising while OI does not decrease, suggesting not just short covering but active bullish attack. The order book depth in the 0.0582-0.0583 range is unusually thick, forming a protective barrier. Although the 1H RSI is high, there is no divergence, and momentum remains. The core is the continuation of the short squeeze under negative funding rates, taking advantage of pullbacks to enter.

Trade here 👇 $PYTH

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