【$PYTH Signal】Pullback to add longs! 1H pullback confirmation, negative funding rate + OI steady, main force clearly defending the market

$PYTH After experiencing a 18% violent surge yesterday, the 1H level is undergoing a healthy correction. Currently, the price is near the 1H EMA20 (0.0564), receiving initial support. The 4H level has broken through the previous consolidation platform with increased volume, indicating a trend reversal to bullish. The current pullback is an excellent second entry opportunity. The negative funding rate (-0.0017%) shows that bears are still paying fees, and if the price does not fall sharply, a short squeeze is highly likely.

🎯Direction: Go Long (Long)

🎯Entry/Order: 0.0580 - 0.0585 (Reason: 1H EMA20 support zone & 4H bullish candle mid-support)

🛑Stop Loss: 0.0565 (Reason: Break below 1H EMA50 support & yesterday’s breakout above the platform high at 0.0560)

🚀Target 1: 0.0620 (Reason: Previous high resistance level)

🚀Target 2: 0.0650 (Reason: 4H 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 4H trend established, 1H correction structure clear, risk-reward optimal)

- Execution strategy: After entering, if the price quickly rises to Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price rises slowly, hold until Target 2.

Deep logic: Although the latest 1H buy ratio is relatively low (0.42), open interest (OI) remains stable and has not decreased significantly due to the price correction, indicating that the main bullish force has not exited, which is a strong shakeout. Market depth shows heavy buy orders (180,000 at 0.05829), with strong support below. The 1H RSI (65.48) has healthy retraced from overbought territory, preparing for another upward move. Coupled with the negative funding environment, this is a typical correction buy opportunity in a bullish trend.

Trade here 👇 $PYTH

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包