Pyth Network (PYTH) 150% falling wedge

2024年10月14日

On the above 2 -day chart price action has corrected 75% since the month of March. A number of reasons now favour a long position, including:

1) Price action and RSI resistance breakouts.

2) Trend reversal. Higher highs higher lows.

3) Support on past resistance.

4) The falling wedge confirmation forecasts an 150% extension.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: medium
Timeframe to long: This month
Return: 150%

2024年10月24日

交易進行

Past resistance confirms support.
Did you buy the dip in preparation of the rip?