【$PYTH Signal】Two-way pending orders, waiting for 1H level trend reversal confirmation

$PYTH The 1H level is currently testing a critical support area, with price fluctuating narrowly between 0.0517-0.0530. The 4H level is in the lower part of a downtrend channel. Currently, the 1H RSI(37) is approaching oversold conditions, but buying momentum is weak (latest 1H buy_sell_ratio is only 0.22). The market is waiting for a direction choice. Open interest remains stable, and negative funding rates suggest bears are in control but there is a potential for short squeeze. Bulls and bears are about to decide the outcome in this zone.

🎯 Direction: Watch and wait (Two-way pending orders)

⚡ Long entry breakout order: 0.0532 ( Reason: Stabilizing above 1H EMA20 and previous small resistance platform, confirming bullish return )

⚡ Long entry pullback order: 0.0510 ( Reason: Rebound to previous 4H low and strong support at psychological level )

🛑 Stop loss: 0.0495 ( Reason: Break below recent 4H low structure )

🚀 Target 1: 0.0560 ( Reason: Previous 4H high and EMA50 resistance )

🚀 Target 2: 0.0585 ( Reason: 1.618 Fibonacci extension level )

🛡️ Trading management:

- Position suggestion: Light position ( Reason: Unclear direction, a left-side game )

- Execution strategy: If any pending order is triggered and the price quickly reverses and breaks through the entry point, exit immediately. After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price.

Deep logic: The order book shows sell orders accumulating above 0.0518 (deep ask side), but buy orders near 0.0517 are weak, risking a sudden spike. Stable open interest indicates neither bulls nor bears are leaving in large numbers, a sign of potential trend reversal. Under negative funding rate conditions, a strong breakout above 0.0532 could trigger a chain reaction of short covering (short squeeze). The key is to observe whether a volume-confirmed bullish candle appears on the 1H level to confirm the trend.

View real-time market 👇 $PYTH

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