PYRUSDT trade ideas
$PYR - Local Short Entry and Long swing EntryThe area around the green arrow is where I am looking to open a swing position based on long time frame analysis. This area appears to have key horizontal levels including POC from volume profile as well as golden pocket (fibs). Locally I am looking at the area around the red arrow for a short term short position based on local time frame analysis.
Vulcan ForgedI like the chart. Simple as that. Made the analysis a few days back before the current level was broken and price has done exactly what I suspected - so without any thought, Ill trust my past self and that analysis.
Main S/R has flipped and price has since rejected from that level relatively well compared to the rest of the market during a mini dump.
In addition to the above, $PYR is a heavily shilled metaverse token, so Im banking on moonbois to ape in as well as having some exposure to a lower Mrkt Cap metaverse coin.
BUY SIGNAL ON PYRPYR has broken upside from the major Resistance of $13- $14 key area as this Resistance area was successfully flipped by Support. And massive bullish run is expected.
1) Support/ Buy Area : $13- $16 as these are key area of new support formed.
2) Sell Area : TP1- $18, TP-$23. TP3- $29
- Fibbonacci is indicating very strong movement at 0.236
PYR - Upto 130% Profit in 3 WeeksPYR with potential of upto 130% Profit in 3 weeks timeframe
Entry @ 10.1
Tp @ 24
Expected timeframe, until mid of April
Disclaimer
The above target is based on the assumption that btc doesnt go in a bear market again
Not a Financial Advice
Only Probabilities, never guarantees.
PYRUSDT Bullish patternPYR looks very good here for a potential %70 play and $23.5 for log term target, it depends on BTC move.
head and shoulders on daily time frame , targets on chart.
SL 1d close below $11.300 .
the uptrend line from 22 jun 21 can be SL as well or 1d close below $10.500 .
NOT FINANCIAL ADVICE.