Vulcan Forged PYR Genius Level TA | Easy 125% Short-Term (Fast!)It will grow more, over time, but I am showing an easy target for the purpose of trading.
I will read the chart and its signals for you.
👉 We are looking at PYRBTC on the daily timeframe.
➖ The major decline started January 2024.
The signal for me comes in June 2024, we can see a huge green volume bar yet the bearish wave is not yet over. This is an early signal.
➖ The bearish wave continues to develop and a new major low is hit.
As the new low is hit, there is no bearish volume. Buy volume is also low.
Super high bearish volume in May though.
➖ So we have a lower low with decreasing volume. This means that the bearish wave is over.
Couple this with the early whale-buy signal in June...
➖ Now, we have a volume breakout happening at a higher low.
➖ After a bearish wave we get a bullish wave.
The 125% should be an easy target in the short-term.
➖ Short-term means within 30 days (1 month).
Easy double-up.
Buy and hold.
Patience is key.
Sell when prices are up.
Namaste.
