Technical analysis by Supachai-Taechapisit about Symbol PYTH: Buy recommendation (1/18/2025)

Here's a concise analysis of the PYTH/USDT 4H chart:Technical Setup:- Breaking out of descending trendline (yellow)- Current price: 0.3697 USDT (+9.06%)- Forming ascending channel (gray lines)- Key resistance zone: 0.48-0.52 (purple box)Projected Targets:1. 0.402. 0.453. 0.51Key Levels:- Support: 0.33 (marked as stop loss)- Current resistance: 0.37- Volume confirming breakout (15.77M)Strategy:Long above 0.35 with stop loss at 0.32First target at previous resistance 0.40Chart shows strong reversal potential with clear target zones marked by the ascending channel and resistance box.Risk Management Note:Always use proper position sizing and consider the volatile nature of this asset* DO YOUR OWN RESEACH * DYOR