Technical analysis by signetron about Symbol PYTH: Sell recommendation (8/7/2025)

🔍 Chart Context Analysis Trend: Clearly bearish structure with persistent lower highs and lower lows. Price Location: Trading below the EMA cloud and under both descending trendlines — shows bearish control. Stochastic RSI (8H): In overbought region and beginning to roll over — early signal of bearish momentum building. MACD/Stochastic Momentum Below: Shows recent bullish recovery but now stalling near the midline, potentially turning. Volume: Volume is weak and not supporting a strong bullish reversal. Liquidity Pools Below: Thick demand zones between $0.105 – $0.100 and $0.085 – $0.080 visible. 🟠 Most Probable Setup: Bearish Rejection from EMA Cloud This is a short trade setup rejecting from the EMA resistance zone and trendline. 🔹 Sniper Entry: Entry Zone: $0.1160 – $0.1170 (current price range) Ideally enter near $0.1170 if price sweeps it on a wick and rejects Stop loss should sit above the recent swing high and trendline confluence 🔹 Stop Loss (SL): $0.1205 Just above EMA cloud and previous bearish breaker Invalidates the setup if price sustains above this level 🔹 Take Profit Targets: TP1 Range: $0.1105 – $0.1080 → (first support + minor liquidity zone) TP2: $0.1050 → (major demand/4D support low) TP3 (optional): $0.1000 → (if momentum continues and stochastic breaks down hard) ⏱️ Estimated Timeframe for TP Hits: TP1: 6–12 hours TP2: 18–24 hours TP3: 1.5–2.5 days (if broader bearish move unfolds) ✅ Key Reasons for Bearish Bias EMA cloud acting as dynamic resistance. Stochastic RSI overbought and potentially crossing down. Price under HTF trendlines and structure. No strong bullish volume spike — indicating weak bull follow-through. Multiple liquidity pools still uncollected below ($0.105 – $0.100). 🚫 When to Invalidate the Short: Price closes above $0.1205 on 8H candle. Bullish volume spike with engulfing candle. Bullish breakout through both descending trendlines.