#PYR/USDTTrendline Break & Double Bottom

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#PYR/USDT Trendline Break & Double BottomPYR / TetherUSBINANCE:PYRUSDTCryptoAnalystSignal#PYR The price has moved within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) is indicating a downward trend, and this trend is likely to continue due to the overbought condition. A key support zone has been identified in green at 0.292, and the price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.297 Target 1: 0.303 Target 2: 0.310 Target 3: 0.318 Stop Loss: At the resistance zone in green Remember this simple rule: Money Management. For any questions, please leave a comment. Thank you.