In recent analyses, we've focused on cryptocurrencies with entry points identified through higher timeframes. However, many traders prefer shorter, more actionable timeframes.

With that in mind, today’s analysis highlights an exciting opportunity in PYTH, which has recently confirmed buy orders. Alongside this signal, we’ll outline critical parameters to help manage risk effectively in this trade.

4-hour time frame analysis

PYTHUSD - 4 Hour Time Frame

The technical parameters confirming this buying scenario are visible on the four-hour timeframe. Specifically, the trade setup includes the initial selection of Sell-Side Liquidity, followed by a breakout of two major resistance zones.

Additionally, liquidity withdrawal appears to have paused at a key support zone, confirmed on the weekly timeframe. This entire setup unfolded within a strong bullish impulse, enhancing the appeal of PYTH for traders.

Python price target

PYTHUSD - 1 Day Time Frame

Setting a Stop Loss is essential to limit potential losses. In this setup, the Stop Loss should ideally be positioned just below the latest internal higher low, as indicated in the chart.

Monitoring the Fair Value Gap (FVG) in the support zone, created by notable price momentum, is also critical. If the price on the four-hour chart closes below this zone, it could be wise to partially exit the position to preserve capital.

For profit-taking, partial withdrawals may be appropriate as the price surpasses the Buy-Side Liquidity level. This approach allows for secure gains while leaving room for further upside if PYTH continues its upward trajectory.