【$PYTH Signal】Long - 1H breakout retest confirmation, negative funding rate supports price

$PYTH The 1H timeframe is consolidating strongly above EMA20, just completed testing and retesting the previous high at 0.0551. The 4H timeframe has broken above the recent oscillation box top, indicating a bullish trend. Under the background of negative funding rates, the price remains firm and open interest (OI) is stable, implying that the main force is supporting the price, with strong short squeeze potential.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0550 - 0.0552 (Reason: 1H EMA20 support zone, retest confirmation after breaking previous high )

🛑Stop Loss: 0.0543 (Reason: Break below the 4H bullish breakout candle low and EMA50 support )

🚀Target 1: 0.0568 (Reason: Resistance at previous wave high )

🚀Target 2: 0.0585 (Reason: Daily previous high resistance and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 1H/4H resonance breakout, risk-reward ratio >2 )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop-loss to entry price. Hold remaining position to aim for Target 2; if price retraces to breakeven, exit all.

Deep logic: The current negative funding rate (-0.0020%) provides a safety cushion for longs. The 1H RSI (62.73) is healthy and not overbought. Market depth shows heavy buy orders accumulated around 0.0549-0.0550 (over 500,000 USDT), forming strong support. The 4H candles are consecutively bullish, buy volume share is rising, indicating clear signs of capital inflow. Stable OI rather than sudden surge suggests this is not just a short squeeze from bears, but active long positions being absorbed.

View real-time quotes 👇 $PYTH

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