Long term position

18 Mei

PPYTH looks very promising right now, and I believe it has likely completed wave 2. In the short term, there may be price volatility due to the massive token unlock happening on the 20th. If this occurs, PPYTH should not fall below its previous support level at $0.4. If this support holds, a double bottom signal could emerge, pushing the price upward. You might want to wait for certain signals, such as the formation of a double bottom or a bullish divergence, before deciding to open a long position.