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$PYTH Signal】Short squeeze rebound continues, buy on 1H pullback
$PYTH The 1H timeframe is consolidating strongly above EMA20, while the 4H timeframe has broken through the previous consolidation platform, forming a volume-driven long bullish candle. Currently, after a sharp rise, the price is pulling back for consolidation. Negative funding rate (-0.0825%) combined with stable open interest indicates a basis for a short squeeze. Although the 1H RSI is high, there is no divergence, which is characteristic of a strong market.
🎯Direction: Long (Long)
🎯Entry/Order: 0.0598 - 0.0602 (Reason: 1H