$PYTH 1H level is in the oversold zone, with the price falling to the lower end of the recent dense trading area. The 4H level remains in a downward channel, but the 1H RSI shows a serious oversold signal. Market depth indicates buy orders are significantly thicker than sell orders, suggesting a technical rebound is needed.

🎯Direction: Long (Long)

🎯Entry/Order: 0.05165 - 0.05170 (Reason: Large order support zone in the order book, 1H RSI oversold area )

🛑Stop Loss: 0.05130 (Reason: Break below recent low and lower boundary of dense trading zone )

🚀Target 1: 0.05280 (Reason: 1H EMA20 and previous small resistance platform )

🚀Target 2: 0.05350 (Reason: 4H EMA50 and recent rebound high )

🛡️Trading Management:

- Position suggestion: Light position (Reason: 4H trend remains bearish, this is a counter-trend rebound play )

- Execution strategy: If the price rebounds to around 0.05230, consider partial profit-taking and move the stop loss up to the entry point. If a quick rally reaches Target 1, move the remaining stop loss to hold for Target 2.

Depth logic: The current price is falling but open interest remains stable, indicating that major players are not continuously unloading. Market depth shows a large accumulation of buy orders in the 0.0516-0.0517 range (total over 500,000 USDT), forming a short-term support wall. The 1H RSI has dropped to 29.5, entering oversold territory. Coupled with negative funding rates, the risk of short squeeze is increasing. This is a typical short-term rebound sniper using order book support and oversold indicators.

View real-time market 👇 $PYTH

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