【$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 EMA20 dynamic support zone and dense cluster of previous hour’s low points)

🛑Stop Loss: 0.0585 (Reason: Break below the start of the 4H bullish candle and key platform support)

🚀Target 1: 0.0628 (Reason: Previous high resistance and psychological level)

🚀Target 2: 0.0650 (Reason: Previous wave high on the daily chart)

🛡️Trade Management:

- Position Size: Light (Reason: Intraday gains have exceeded 23%, volatility is extremely high, strict risk control is necessary)

- Execution Strategy: When price reaches 0.0628, reduce position by 50% and move stop loss up to entry price 0.0602. Remaining position aims for the second target. If price pulls back and breaks below the trailing stop, exit all.

Deep Logic: 4H volume surged, buyers dominate, which is a clear signal of institutional funds entering. Although current taker sell volume is slightly higher, the price remains firm, and open interest is stable, indicating passive pressure on the shorts and a risk of a short squeeze. The order book shows large buy volume accumulation around 0.0603 (281,516), forming a strong support. The 1H EMA20 (0.0551) has crossed above EMA50 (0.0512), indicating a short-term bullish trend. The core strategy is to play the first healthy pullback after a sharp rise and seize the second wave of momentum.

Trade here 👇 $PYTH

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