$PYTH ‌is starting to lose momentum after failing to hold the rising channel.

The rejection near the upper boundary immediately stood out to me.

Instead of attracting fresh buyers, price slipped back below the short-term trendline.

That shift suggests bullish momentum is fading.

If sellers maintain control, a move toward the next support area becomes the higher-probability scenario.

I'm not rushing into a position here.

I'd rather wait for:

▸ A confirmed breakdown for a cleaner short setup.

▸ Or a strong reclaim of the channel before considering longs.

From experience, the highest-quality trades usually come from waiting for confirmation rather than chasing price.

What's your view on $PYTH here? Bearish continuation or a bullish recovery?

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