PYR/USDT Gann AnalysisThis chart depicts PYR/USDT on a daily timeframe with a Gann Technique applied to identify critical price and time relationships.
**Analysis:**
#### **1. Overview:**
- **Asset:** PYR/USDT.
- **Current Price:** **3.204 USDT** (down by **4.36%** today).
- **Gann Levels:** The chart highlights significant support and resistance levels derived from Gann angles and degree-based levels.
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#### **2. Key Gann Levels:**
- **0° = 2.059 USDT:** Foundational support; a potential strong bottom area.
- **36° = 2.672 USDT:** Immediate lower support level.
- **72° = 3.367 USDT:** Current resistance, where the price is trading slightly below.
- **108° = 4.140 USDT:** Next significant resistance level in a bullish scenario.
- **144° = 4.995 USDT:** Further upside target.
- **180° = 5.928 USDT:** Major psychological and technical resistance.
On the upper side:
- **360° = 11.798 USDT** represents a long-term target if a substantial rally occurs.
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#### **3. Price Action Observations:**
- The price is consolidating near **72° (3.367 USDT)** after a recent drop.
- A failure to reclaim this level may lead to further downside toward **36° (2.672 USDT)** or even **0° (2.059 USDT)**.
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### **Scenarios:**
#### **Bullish Scenario:**
- **Condition:** Sustained break and close above **3.367 USDT (72°)**.
- **Targets:**
- **First Target:** **4.140 USDT (108°)**.
- **Second Target:** **5.928 USDT (180°)**.
#### **Bearish Scenario:**
- **Condition:** Rejection at **72° (3.367 USDT)** and loss of **36° (2.672 USDT)**.
- **Targets:**
- **First Target:** **2.059 USDT (0°)**.
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### **Recommendations:**
#### **Short-Term Traders:**
- **Strategy:** Watch for price action near **3.367 USDT (72°)**.
- Enter long positions on a confirmed breakout, with stop-loss below **2.672 USDT (36°)**.
#### **Long-Term Investors:**
- Accumulate near strong supports like **2.672 USDT (36°)** and **2.059 USDT (0°)** for long-term potential gains.
Wish you best of luck
