📊 PPI/USDT Market Update
Welcome to today's analysis! Let’s break down the current price action on
PI and its potential trade setups.
🌐 Overview:PI Approaching Key Support
📉PI is approaching the green support zone, a key level where buyers might step in for a potential bounce.
🔄 Current Scenario:
IfPI holds the green zone, we could see a bounce from this level.
To cancel the bearish structure of lower highs (LH) and lower lows (LL), the price needs to break out of the blue zone.
🔑 Key Levels to Watch
🟢 Support Zone: Green Level (Potential bounce area)
🔵 Breakout Above Blue Zone: Could confirm the end of the bearish structure (LH and LL)
🛠️ Trade Scenarios
📌 Bullish Scenario (Bounce from Support & Breakout Above Blue Zone)
IfPI holds the green support, buyers could step in and push the price higher.
A breakout above the blue zone would confirm a trend shift, invalidating the bearish structure (LH & LL).
📌 Bearish Scenario (Break Below Support)
IfPI fails to hold the green zone, the price could continue its downtrend, leading to further declines.
📌 Conclusion
PI is at a key decision point—holding the green support zone could lead to a bounce, but for a bullish reversal, the price must break out of the blue zone to cancel the bearish structure
Welcome to today's analysis! Let’s break down the current price action on
PI and its potential trade setups.🌐 Overview:
PI Approaching Key Support📉
PI is approaching the green support zone, a key level where buyers might step in for a potential bounce.🔄 Current Scenario:
If
PI holds the green zone, we could see a bounce from this level.To cancel the bearish structure of lower highs (LH) and lower lows (LL), the price needs to break out of the blue zone.
🔑 Key Levels to Watch
🟢 Support Zone: Green Level (Potential bounce area)
🔵 Breakout Above Blue Zone: Could confirm the end of the bearish structure (LH and LL)
🛠️ Trade Scenarios
📌 Bullish Scenario (Bounce from Support & Breakout Above Blue Zone)
If
PI holds the green support, buyers could step in and push the price higher.A breakout above the blue zone would confirm a trend shift, invalidating the bearish structure (LH & LL).
📌 Bearish Scenario (Break Below Support)
If
PI fails to hold the green zone, the price could continue its downtrend, leading to further declines.📌 Conclusion
PI is at a key decision point—holding the green support zone could lead to a bounce, but for a bullish reversal, the price must break out of the blue zone to cancel the bearish structure
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.