PYTH Buyback Long

Thesis

Buy PYTH ahead of anticipated DAO buybacks and take profits as its price climbs to Fibonacci targets.

Strategy

• Entry: Open one PYTH long immediately, using the allocated USDC as the position's dollar size at 1x exposure. • Profit targets: Freeze the entry-time 30-day low and high; sell thirds at low plus 1.0, 1.272 and 1.618 times that range. • Management: Check every minute, sell any newly reached profit portions, and do not reopen after the single position is closed.

Exposure

• Holds: PYTH long and USDC — Holds a PYTH perpetual position backed by USDC. • Venue: Hyperliquid — Starts with at least 40 USDC on Hyperliquid. • Leverage: 1x exposure — Sizes the PYTH long to the allocated USDC value. • Costs: Trading fees, funding — Pays Hyperliquid trading fees and ongoing PYTH funding. • Data: Circuit — Uses PYTH daily prices and current trading prices. • On unwind: USDC — Closing the PYTH long leaves USDC on Hyperliquid.