$PYTH PYTH dropped to 0.04, RSI below 30, is it time to say 'buy the dip'? The lower Bollinger band of the daily chart at 0.04153 has been breached, and the price is rolling down close to the lower band. RSI on the daily level has already dropped to around 30, and the 4-hour chart is even more severely oversold.
MACD dead cross green bar, the bears are still pushing, but OBV has started to flatten, indicating that selling pressure is weakening. The most crucial point is — the price has returned to the starting point from last October when PYTH was just launched, and many were shouting 'hundred times'. Bullish Logic
· Oversold resonance: Daily RSI close to 30, 4-hour J-value has reached single digits, William's indicator above -90, this is a typical technical rebound signal. · Support level test: The area of 0.039-0.04 is a historically dense trading area, where it consolidated for two weeks last October, with a lot of chips settled. · Volume shrinkage: The trading volume has continuously decreased over the past three days, the selling momentum has weakened, and the bears are getting a bit tired. PYTH right now is like a stock that has broken, retail investors are complaining, but big players might be quietly accumulating.
Those buying the dip are afraid of catching a falling knife, and those watching are afraid of missing out. The hardest part isn't losing money, but knowing it’s cheap yet not daring to reach out. Three major illusions in the cryptocurrency circle:
1. This time is different 2. It can still drop 3. It has dropped to 0.04, it should bounce back, right? PYTH tells you: It's possible, but you should place an order first, don’t go all in.
Let’s chat in the comments: PYTH 0.04, do you dare to buy the dip? 👇
$SIREN I remember a few days ago, those who scrolled through my posts should have seen this potential coin, some became rich, some were indifferent, and some suffered losses. 🤓
$SIREN can go in more 🤓 remember to control your position and stop loss, if you wait too long you won't be able to get in. 7 days, if it consolidates for 7 days, just run. Don't hesitate.
$SIREN Is it too much? Control your stop loss well. Right now, it's either rushing to the top of the increase chart or just waiting for the price to stagnate, which means it's sideways.