【$PYTH Signal】Hold off on opening positions, waiting for the main force's intentions to become clear

$PYTH Price is falling but open interest remains stable, suspected main force is distributing rather than a simple long liquidation. The 4H chart shows continuous downward candles, the latest K-line buy volume ratio has increased but the price rebound is weak, with heavy selling pressure above. The order book shows a sell wall (0.0451-0.04515) much thicker than the buy side, with active orders being buy orders but the price continues to decline, a typical trap to lure in buyers and distribute. Funding rates are increasingly negative, bearish sentiment is building but no panic sell-off has occurred, indicating the main force is distributing in an orderly manner.

🎯 Direction: Hold off on opening positions

The current chart shows a consolidation pattern in a downtrend, with the price breaking below previous support and then rebounding to test the 0.0450-0.0455 area but facing resistance. Open interest (OI) remains stable while the price declines, combined with active taker buy orders but no price increase, clearly indicating the main force is using buy orders to mask distribution. Healthy bullish accumulation would be accompanied by rising OI and sideways price movement, which is not the case here. Wait until the price clearly breaks below 0.0448 with decreasing OI (bulls surrender) or a volume breakout above 0.0463 (main force covering) before making a directional decision.

Trade 👇 $PYTH
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