Analysis
🚀 $PI is currently trading within a falling wedge on the 4H chart, a pattern often associated with bullish reversals!
🔸 The price has been in a steady decline, forming lower highs and lower lows inside the wedge. 🔸 The support level around $1.28 is being tested, with a slight bounce—could this be the reversal? 🔸 Falling wedges often break bullish, especially if buying momentum picks up.
📊 Potential Trade Setups:
📌 Bullish Breakout: A breakout above $1.40 could trigger a rally toward $1.55 - $1.70 🚀
Look for volume confirmation to support the breakout move.
📌 Bearish Breakdown: If #PI fails to hold $1.28 support, we could see further downside towards $1.20 or lower ❌
This is a crucial moment—if the wedge pattern plays out, we could see a bullish reversal soon.
Source: Crypto sat on X
🚀 $PI is currently trading within a falling wedge on the 4H chart, a pattern often associated with bullish reversals!
🔸 The price has been in a steady decline, forming lower highs and lower lows inside the wedge. 🔸 The support level around $1.28 is being tested, with a slight bounce—could this be the reversal? 🔸 Falling wedges often break bullish, especially if buying momentum picks up.
📊 Potential Trade Setups:
📌 Bullish Breakout: A breakout above $1.40 could trigger a rally toward $1.55 - $1.70 🚀
Look for volume confirmation to support the breakout move.
📌 Bearish Breakdown: If #PI fails to hold $1.28 support, we could see further downside towards $1.20 or lower ❌
This is a crucial moment—if the wedge pattern plays out, we could see a bullish reversal soon.
Source: Crypto sat on X