Good morning my fellow trader, I know I shared this chart before but timing is of the essence. PYRBTC (Vulcan Forged) is advancing after recovering from a major low.
Timing is important. Either get the bottom and wait, or get in right before prices jump. And a jump seems to be very close.
We have the bottom after a major downtrend, clearly depicted on the chart. We have a recovery of this bottom (orange line).
Now, the bullish part is the slate line. PYRBTC wicked lower today and tested the August 2024 low support and then turned bullish, the day is still early. This move indicates that bears were selling but all selling was bought.
Current price action is happening above 0.236 Fib. extension and trading volume is really strong on the bullish side.
I think PYRBTC can move next. Additional details can be found on the chart. Strong but highly probable targets.
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