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$PYTH Signal】1H Level Oversold Rebound Play, Watch for Short Squeeze Opportunities
$PYTH The 1H level experienced a volume surge and quick recovery after a dip near 0.0550, forming a potential pin bar candlestick, indicating short-term selling pressure may be exhausted. The 4H level remains in a downtrend, but the 1H RSI(48.33) has exited the oversold zone, and open interest(OI) remains stable, with no signs of panic selling, suggesting possible support from major players or a short squeeze.
🎯Direction: Long (Long)
🎯Entry/Order: 0.0558 - 0.0562 (Reason: The 1H level has stabilized above EMA