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PYTH / TetherUS

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PYTHUSDT trade ideas

PYTH long - swing tradeGot into a PYTH long. The current trading range is pretty clean and so is our invalidation. From a general perspective expecting us to get to a minimum of 1$. Using the FIB for price discovery as Bybit does not have more pa. (unfortunately). This is a longer term trade from my perspective so let's see how it plays out. Entry 0.4220$ TP 1$ SL 0.3340$ Will leave this trade play out and come back to it if we get anything interesting in the coming weeks. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Long
by Patrick2707
📊#PYTH potential smiley face structure, worthy of attention👀🧠We started to rise after falling below the historical low. If a smiling bullish structure can be formed here, then we can attack the short defense point above based on this bullish structure. If the breakthrough is successful, it means a short structure,will be broken. This means we have the potential to continue rising.📈 ⚠️Note that this is a conjecture based on technical aspects. There are still many uncertainties in the market, and more signals still need to be determined, so please maintain a cautious attitude when dealing with it.💯✔️ 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
Pyth respecting fib extensionsLike some other newer to CEX tokens, PYTH seems to be respecting fib extensions. These are pretty hard to chart since they are so new. The chart history is small and the token did launch at a rather large market cap. Volume has dropped harshly as well as RSI, cool offs are good for consolidation. The token did break the multi day downward trend dawn with the red line. Since I believe we are entering a bull market, this wont matter, but the fully-diluted valuation is obnoxious (5.2billion$). So if all tokens were released the network would be valued at 3 billion less than chainlink's link token. Im going to go out on a limb and say this is overhyped value wise, but you cant use traditional valuation techniques to value crypto especially during upward momentum. This solana based token will likely climb upward with how positive the sentiment is around it. The oracle solution serves many blockchains including arbitrum(one of my favorite), optimism, bnb and more. I am bullish on this token short and medium term for that reason. I think we see another shot at .5 in the coming days, .47 is my official first target.
Long
by Apollo_21mil