$PYR Long Trade Setup
Updated
PYR is one of the best performer from the past when BTC was dumped.
For now it has a great setup for a scalp trade of 10-30% TP.
Confluences:
1. Broken out from a falling wedge pattern.
2. Monday lows swept and reclaimed the Monday range.
3. 4hr HL is retested and now we may see a strong pump from here.
4. If 4hr candle closes above TP1 Bearish candle, we will be heading towards TP2 instantly.
For now it has a great setup for a scalp trade of 10-30% TP.
Confluences:
1. Broken out from a falling wedge pattern.
2. Monday lows swept and reclaimed the Monday range.
3. 4hr HL is retested and now we may see a strong pump from here.
4. If 4hr candle closes above TP1 Bearish candle, we will be heading towards TP2 instantly.
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.