The current PYTH/USDT price is at 0.3531, slightly up 0.71% in the last 24 hours. Do you think this is an opportunity to take advantage of the low price range before it rises sharply again?

Analysis

Resistance: 0.3575 (MA99), this price level is acting as an important resistance threshold.

Support: 0.3508 (most recent low), if this support is broken, the downtrend may continue.

The MA(7) and MA(25) are creating a bearish crossover signal, indicating that selling pressure is still greater.

The RSI has not reached the oversold zone, still within the average range, the market may continue to fluctuate sideways or adjust.

Trading Strategy

Entry Point: Consider buying if the price tests the 0.3508 area but does not break.

Take Profit: Price range 0.3570 - 0.3600.

Stop Loss: Set Stop Loss below 0.3480 to limit risk.

Capital and Risk Management

Only use a maximum of 2% of capital for this trade.

Prioritize monitoring trading volume to confirm signals.

Can PYTH break through the resistance zone and rise higher? Don’t forget to share your thoughts!

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