【$PYTH Signal】Bidirectional Pending Orders! 1H Triangle Convergence Near End, Imminent Reversal

$PYTH The 1H timeframe is experiencing an extremely shrinking triangle convergence within the 0.0512-0.0518 range, with price tightly hugging the 1H EMA20 (0.0512) fluctuations, indicating an imminent reversal. The 4H timeframe remains in a weak rebound after a decline, but the compression on the 1H chart is a precursor to a short-term breakout. Negative funding rate (-0.0136%) suggests bears are dominant, but open interest (OI) remains stable. If the price does not fall, a short squeeze may be brewing.

🎯Direction: Watch and Wait (Bidirectional Pending Orders)

⚡Breakout Long Entry Order: 0.0518 (Reason: Break above the 1H triangle upper boundary and recent high)

🛑Stop Loss: 0.0512 (Reason: Break below the 1H EMA20 and the lower boundary of the convergence structure)

🚀Target 1: 0.0525 (Reason: Resistance at 4H EMA20)

🚀Target 2: 0.0535 (Reason: 0.618 Fibonacci retracement of the previous decline)

⚡Pullback Long Entry Order: 0.0506 (Reason: Rebound to the previous low support area on the 4H timeframe)

🛑Stop Loss: 0.0499 (Reason: Break below the key support of the previous low)

🚀Target 1: 0.0518 (Reason: Triangle upper boundary and first resistance)

🚀Target 2: 0.0525 (Reason: Same as breakout target 1)

🛡️Trading Management:

- Position Size Recommendation: Light (Reason: Unclear direction, endgame structure, higher risk)

- Execution Strategy: When either pending order is triggered, the other is automatically canceled. After reaching Target 1, reduce position by 50% and move stop loss to entry price. If the price cannot quickly move away from the cost zone (e.g., within ±0.5% in 1 hour), consider closing the position.

Deep Logic: 1H volume is extremely shrinking, market is waiting for direction. Order book shows significant buy accumulation below 0.0512 (order book imbalance 6.17%), providing short-term support. The 1H RSI (48.6) is neutral, with room for upward correction. The key is whether it can volume-break above 0.0518 or hold above 0.0506. This is a typical endgame scenario; volatility equals profit.

View real-time quotes 👇 $PYTH

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